On April 3, a meeting was held under the chairmanship of Prime Minister O.A. Bektenov, dedicated to the implementation of pilot projects using digital tenge to control the expenditure of budgetary funds.

During the meeting, the Chairman of the Anti-Corruption Agency Askhat Zhumagali presented a report on the key results and prospects for the implementation of the "coloring money" mechanism.

The analysis showed that corruption is most prevalent in the sectors of education, healthcare, agriculture, social security and construction.

The key risks are related to the embezzlement of budget funds through "dead souls," fictitious works, and fake transactions.

To prevent these risks, starting in February 2024, upon the instructions of the Head of State, the Agency, jointly with the National Bank and the Government, began implementing the "coloring money" project using digital tenge.

Based on the conducted analysis, key industries most vulnerable to corruption risks were identified: road and railroad construction, as well as the procurement of agricultural machinery and livestock.

To ensure transparency, a digital platform was created under the National Bank, integrated with the Ministry of Agriculture's database for the identification of livestock.

In Akmola region, pilot projects were implemented for microcredit issuance for the purchase of agricultural livestock and subsidies for agricultural machinery within the "Aul Amanaty" program.

This year, projects are continuing in road and railroad construction.

For example, 164 bln “colored” KZT have been allocated for the construction of the Dostyk-Moyynty railroad in Karaganda region and 100 mln digital tenge for the repair of the Mukur-Kulsary road in Atyrau region.

During the meeting, Askhat Zhumagali noted that the "coloring money" mechanism allows:

🔹 To mark budgetary funds, tying them to specific goals;
🔹 To eliminate fictitious transactions and the possibility of cashing or transferring money to third parties;
🔹 To track the entire cycle of funds from allocation to the final recipient (in real time, seeing where and how the money is spent);
🔹 Thanks to the unique code, to view the entire transaction history and payment purposes.

"As for digital tenge, which is the key topic of discussion, I support all your initiatives. It is important to pay special attention to ensuring that the introduction of digital tenge aids in reengineering the financing processes considering the new realities.

It is necessary to expand the pilot project of digital tenge," emphasized Prime Minister Olzhas Bektenov.

It is crucial to ensure full automation of all budgetary processes, from planning to commissioning of facilities.

In the future, the mechanism is planned to be expanded to other sectors of the economy, which will provide effective control and minimize corruption risks at all stages of the budget process.

For the full implementation of the mechanism, comprehensive integration of information systems is necessary. This will allow the digitalization of the entire cycle of interaction among project participants, creating a unified transparent system for managing budget funds and preventing corruption risks at all stages—from planning to final implementation.

As a result of the meeting, government agencies will work on amendments to the legislation regulating the use of new digital tools, as well as the development of the methodology for programming electronic money.

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Source : https://www.gov.kz/memleket/entities/anticorruption/press/news/details/969566?lang=kk