The Ministry of Finance of the Republic of Kazakhstan announced that federal government agencies in the country are required to submit their financial data in a unified format.
This decision is aimed at ensuring transparency, effectiveness, and accuracy in reports on the financial activities of state bodies in Kazakhstan. Presenting data in a standardized format will allow for analysis and control over expenditures, while also increasing the level of accountability to the public.
The ministry also noted that this innovation contributes to optimizing budget processes and improving financial management as a whole, which, in turn, helps achieve strategic development goals of the country.
"We urge all federal agencies in Kazakhstan to comply with this requirement and to present financial reports in the established format in accordance with the approved regulations," emphasized the Ministry of Finance.
