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Accounts Chamber finds violations in defense sector worth almost 125 bln rubles in 2020

According to the report, the violations are linked mostly to procurement activities MOSCOW, March 17. /TASS/. Violations detected in 2020 by Russia’s Accounts Chamber in the sphere of defense, national security and law enforcement amount to 124.9 billion rubles (about $1.7 billion at the current exchange rate), the chamber said in the report about its work in 2020. Last year, the chamber carried out 31 audits in this sector. In its work, the chamber focuses not only on detecting violations and irregularities, which amounted to 124.9 billion rubles in total, but first of all on reasons why they occurred. According to the report, the violations are linked mostly to procurement activities (102.7 billion rubles, or $1.4 billion), compiling and presenting accounting records (8.2 billion rubles, or $112.5 million), and failure to ensure effectiveness and productivity of the use of funds (5.8 billion rubles, or almost $80 million).

Russia s economic growth to be below 3% in 2021-2023 — Accounts Chamber - Business & Economy

The Accounts Chamber sees instability risks for Russian regional budgets and municipal budgets © Artyom Geodakyan/TASS MOSCOW, March 17. /TASS/. The annual growth of the Russian economy will not exceed 3% in 2021-2023, the Russian Accounts Chamber said in its report. The Accounts Chamber believes that the growth of the Russian economy will not exceed 3% in 2021-2023. If the global economy recovers at a slower pace, and additional quarantine measures are imposed in a number of states, [the annual growth] will remain at around 2%, the chamber said. The Accounts Chamber sees instability risks for Russian regional budgets and municipal budgets. Risks of shortfalls to consolidated budgets of Russian administrative regions may amount to 62.2 billion rubles [$853 million] in 2021, the report says.

Политика - Structure of gamesmanship for the use of budgetary funds and international financial assistance in Donbass

As previously reported, as a result of the lack of due attention and active measures of state authorities regarding both the temporarily occupied and unoccupied territories of Donetsk and Luhansk regions, the lack of real mechanisms for the protection of property and personal non-property rights of both residents of the region and internally displaced persons, real programs for the development of the region s industrial potential, on the basis of the Kyivstratpro civil society institute, a platform for public control over the activities of state authorities to resolve the conflict in the East of Ukraine, to develop solutions for the effective reintegration of Donbass was formed.

Russia s public debt up to 17 8% of GDP in 2020 - Business & Economy

The public debt of the Russian Federation in 2020 increased by $73 bln, according to the Accounts Chamber

Russia s public debt up by nearly 40% in 2020

Russia s public debt up by nearly 40% in 2020
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