The initiative aims to centralize the appraisal process and reduce the financial burden on the national budget currently spent on private contractors.
Reducing budget expenditures
Currently, all property valuations are conducted by private independent companies selected through tenders. According to Beksultan Tokonov, Director of the State Agency for Management of State Property under the Cabinet of Ministers of the Kyrgyz Republic, this process is costly for the state budget.
Financial and procedural data
Tokonov emphasized that the new state entity must operate under international standards and hold a proper license. While the state company's conclusions will be considered objective, citizens will retain the right to appeal decisions in court.
Digitalization and transparency
The management of state property is undergoing a digital transformation to minimize corruption risks. The agency has completed a full inventory, and the process of implementing property is moving toward a fully digital model.
If previously property implementation involved a commission of employees, now it occurs only through an electronic portal. Anyone can participate in an auction.
Under the current system, auction announcements are published on the website for one month, allowing any interested party to participate. Tokonov noted that corruption risks in property sales and leasing have been reduced to a minimum due to these digital measures.
