Audit: API Has Committed over BGN 18 Billion Against a Resource of BGN 11.4 Billion
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5 Articles
The Road Infrastructure Agency has made financial commitments of over BGN 18.2 billion against a cost resource of BGN 11.4 billion. The difference of BGN 6.8 billion means that the contracts exceed the available financing by nearly 60%, finds an audit of the Court of Auditors for the period from January 1, 2020 to May 31, 2026, commissioned by the National Assembly. According to the auditors, the commitments bind budget appropriations for a tota…
Road Infrastructure Agency (API) has concluded contracts and made financial commitments for over BGN 18.2 billion against a cost resource of BGN 11.4 billion. The difference is BGN 6.8 billion, or nearly 60% above the available funding. This shows an audit of the Court of Auditors for the period from 1 January 2020 to 31 May 2026, commissioned by the National Assembly.
The National Audit Office has identified serious violations and shortcomings in financial planning, the awarding of public procurement contracts and the control over road repairs and maintenance during an audit of the Road Infrastructure Agency (RIA) for the period 2020–2026. According to the report, the agency made financial commitments through public procurement contracts without having the necessary funding in advance. The following […]
For the period January 2020 - June 2026: With a budget of 11 billion leva, RIA concluded contracts for 18 billion leva. This is stated in a report by the National Audit Office after ...
Conclusion of public procurement contracts for which no financial resources are provided. Making payments only when there is a high risk of accumulating large interest for late payment and/or court decisions that have entered into force. Drastically understated estimated values in public procurement contracts, for which annexes are subsequently concluded for amounts several times higher than the initial ones. Insufficient and ineffective control…
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