Article 174. State financial control exercised by Chamber of accounts of the Republic of Uzbekistan

Chamber of accounts of the Republic of Uzbekistan carries out:

conducting an expert examination of the draft law on the State Budget of the Republic of Uzbekistan and the fiscal strategy for the medium term, as well as draft budgets of the Republic of Karakalpakstan, local budgets of regions and the city of Tashkent.

audit of the provision of approved state and territorial programs with funding sources;

examination and control of the completeness of receipts of funds to budgets of the budget system and other funds created in accordance with the established procedure;

identification and mobilization of reserves for increasing budget revenues of the budget system and other funds created in the prescribed manner;

audit of the efficiency and legality of the expenditures of budgets of the budget system and other funds created in accordance with the established procedure, identification of opportunities for their reduction at all levels;

assessment of the viability and feasibility of investment projects implemented at the expense of budgets of the budget system and public borrowings;

development of proposals for improving tax, customs and budget legislation, introduction of modern methods of budget planning through summarizing and studying the causes of systemic violations, as well as international experience;

assessment of optimality of relation between the republican budget of the Republic of Uzbekistan and the budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent, of correctness of delineation of revenue authorities and expenditure obligations of bodies of local authority, development of proposals on ensuring their financial self-sufficiency;

control over the targeted use of budget loans and credit lines of Ministry of finance of the Republic of Uzbekistan;

control over the correct and targeted use of funds in foreign currency by diplomatic missions and consular offices of the Republic of Uzbekistan, as well as missions and representative offices of the Republic of Uzbekistan at international organizations located abroad;

control over the appropriate application of the requirements of the legislation on public procurement;

external audit of the monetary and foreign exchange policy of the Republic of Uzbekistan, assets and liabilities of the Republic of Uzbekistan, management of gold and foreign currency reserves, as well as operations carried out with precious metals and precious stones.