Kazakhstanâs Supreme Audit Chamber probes off-budget funds for transparency gaps
Kazakhstanâs Supreme Audit Chamber is examining the countryâs off-budget funds to assess their efficiency and transparency. The review covers 18 funds, including major ones like the National Fund and the Social Health Insurance Fund. Officials have highlighted gaps in audit methods, making evaluations more difficult.
In 2025, the chamber completed audits of the Unified Accumulative Pension Fund and the State Social Insurance Fund. Next year, it will turn its focus to the National Fund, the Victimsâ Compensation Fund, and the Special State Fund.
To strengthen oversight, the chamber is studying global best practices with support from the Asian Development Bank. Key areas include sovereign wealth fund audits, international reporting standards, and the use of data analytics. The goal is to improve transparency by adopting benchmarks for governance, risk management, and public disclosure of investment strategies. The lack of a unified audit approach has posed challenges in measuring performance. By incorporating international standards, the chamber aims to create a more consistent and effective system for managing off-budget resources.
The Supreme Audit Chamberâs review will continue into 2026, with a focus on major funds and improved methodologies. The findings could lead to stronger financial oversight and clearer reporting standards. The collaboration with the Asian Development Bank is expected to bring long-term improvements in fund management.
