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million (~US$24,000) being returned to the budget. million (~US$24,000) were returned to the budget. In late 2022, this question led them to look at value added tax (VAT), the second highest source of revenue for Kazakhstan’s budget. And the media outlet ProTenge has stopped suspicious purchases worth at least US$3 million.
The report suggests that these high rates of failure could be due to the fact that procuring entities could automatically revert to the single-source method without analyzing the reasons for such failure (a loophole closed by a legal amendment in 2018), as well as minimal use of non-price awardcriteria and the lack of life-cycle costing.
Opportunity #5: Public Investment in the Face of Climate Change To address the climate crisis, it is necessary to spend between 2% and 8% of GDP on the provision of infrastructure services. Learn more about the IDB’s work on fiscal policy and climate change.
The Evropaïki Dynamiki (ESP-ISEP) Judgment has been issued on the basis of Article 100(2) of Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (OJ 2002 L 248, p. 1) (‘the Financial Regulation’). 114) (‘Directive 2004/18’).
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