Government noted inefficiency of stabilization funds activities  

Government noted inefficiency of stabilization funds activities  

12 December, 16:23 237

Measures for non-admission of increase in prices for socially important food are considered at the regular meeting of the government, correspondent reports.

“In general, a certain work by regions is carried out and by its separate types is strengthened. In particular, the number of the held fairs is increased. So, 1,493 fairs were held from September till November where products on the amount of 9.1 billion tenge were realized. Whereas their quantity made 3,500 for 2015. Nevertheless, the stabilization funds created in regions work inefficiently,” first vice-minister of Agriculture Kairat Aituganov said.

According to the speaker, the analysis of a situation revealed a number of problems. So, part of the funds allocated for stabilization funds are often on deposits. On certain regions the size of deposits exceeds a half of allocated funds. 

Along with it huge receivables which in some cases reach 90% attract attention.

According to K. Aituganov, the specified problems are a consequence of inefficient management.

For example, the mayor office of Almaty allocated 14 billion tenge for stabilization funds in December of last year. 13.4 billion tenge from this amount are still on the deposit. At the same time the prices of food products in Almaty grew by 8.4% since the beginning of year.

"Creation of precise plans of work of stabilization funds where it should be determined what to buy, when, at whom, where to store, in what period to implement. However the sufficient attention is not paid to the mechanism and such plans are not constituted in regions. As a result stabilization funds works occasionally," the first vice-minister said.  

Continuing the subject «Kazakhstan government»