Baku: Serious financial and management shortcomings have been revealed in the Olympic sports complexes, APA-Economics reports. Chamber of Accounts identified serious financial violations and management gaps during an audit conducted at the Olympic sports complexes operating under the Ministry of Youth and Sports.
According to Azeri-Press News Agency, the audit covered the years 2022-2025 and involved a sum of AZN 15 million. The findings indicate that strategic planning for the activities of the sports complexes was not carried out effectively. The report also highlighted that the tariff policy was not justified, and a significant portion of the income remained reliant on subsidies. Additionally, it was noted that in numerous instances, prices were set without considering the actual costs involved.