A total of 91 projects in the Garabagh and East Zangezur economic regions underwent financial review from January to September this year.
The Finance Ministry’s nine-month report said this, Operative Information Center-OMM reports.
According to the report, 59 projects with a total value of 1.038 billion manats have been completed, while 32 projects are ongoing.
The financial reviews are conducted under the Action Plan on improving the efficiency of public investment projects in liberated territories. The reviews aim to coordinate public investment and infrastructure projects in line with principles of efficiency and implementation discipline, ensure economical use of public funds, optimize projects and strengthen preventive oversight.
One area of financial review is price assessment. This involves identifying discrepancies by comparing the costs of goods, materials and equipment, as well as labor, machinery and mechanisms, with applicable standards and average market prices.
Another area is the assessment of work volumes. Its purpose is to identify quantity and calculation discrepancies between project drawings and cost estimates, as well as deviations from the Presidential Administration’s “Recommendations on the design of settlements in liberated territories.”
