The inspection agency’s staff will extend their authority to beneficiaries of the 2% deduction from individual income tax allocated to NGOs and several other categories of individuals and legal entities.
Thus, they will be able to monitor the management of public property, budget expenditures, and funds received from budgetary agencies and institutions.
In addition, the agency will gain the right to oversee individuals who had financial dealings with legal entities that received funds through autonomous budgetary agencies and institutions or state/municipal enterprises in which the state holds at least a 25% stake.
In addition to expanding the list of entities subject to oversight, the draft clarifies the agency’s authority to coordinate anti-fraud efforts, regulate oversight of foreign aid funds (both repayable and non-repayable), as well as specifying the mechanisms for budgetary oversight to enable early detection of violations.
In this regard, the responsibilities of the inspection agency’s staff will also be expanded. They will be able to monitor compliance with orders issued by the inspection agency, including through requests for and analysis of information on the measures taken. If violations are identified, the relevant materials will be forwarded to the competent authorities.
The new provisions are expected to take effect on January 1, 2027.
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