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Federal budget audit

The complex of control, expert and analytical activities carried out in the framework of preliminary, operational and follow-up control constitute a unified system of control of the Accounts Chamber over forming and executing the federal budget and the budgets of federal extra-budgetary funds of the Russian Federation. It is substantially complemented by thematic audits and expert and analytical activities carried out in accordance with the plan of work of the Accounts Chamber, upon the instructions of the chambers of the Federal Assembly of the Russian Federation and the inquiries of the members of the Federation Council and the deputies of the State Duma.

The preliminary audit of the formation of the Federal budget and the budgets of the state extra-budgetary funds of the Russian Federation shall be carried out in accordance with Articles 13 and 18 of the Federal Law "On the Accounts Chamber of the Russian Federation", the Government Auditing Standard GAS 201 "Preliminary audit of the formation of the federal budget", Financial Control Standard FCS 204 " Preliminary control of the formation of draft budgets of state extra-budgetary funds. "

The preliminary audit of the formation of the federal budget and the budgets of the state extra-budgetary funds of the Russian Federation for the next financial year and for the planning period represents a set of control and expert-analytical measures to verify and analyze the reasonability of the federal budget and the budgets of the state extra-budgetary funds of the Russian Federation draft indicators for the next financial year and planning period, and to assess the normative methodological base of their formation. Taking into account the results of the expert-analytical and control complex measures, conclusions for bills on Federal Laws on the Federal budget and budgets of state extra-budgetary funds of the Russian Federation shall be prepared and submitted to the chambers of the Federal Assembly.

The preliminary audit includes:

  • determination of the conformity of the Bills on the Federal Law on the Federal Budget and Budgets of the State Extra-Budgetary Funds of the Russian Federation to the current legislation;
  • determination of the reasonability and credibility of indicators contained in the drafts of the Federal Budget and the budgets of the State extra-budgetary funds of the Russian Federation;
  • evaluation of Federal budget drafts and budgets of state extra-budgetary funds of the Russian Federation as instruments of the state's social and economic policy, and their compliance with the key points of the messages of the President of the Russian Federation and with other program documents;
  • quality assessment of the forecasting of the federal budget revenue, expenditure of budgetary funds, investment and debt policy, and also efficiency of inter-budgetary relations capabilities.

The Results of the Work

The operational analysis of execution and the control over execution of the federal budget and the budgets of the state extra-budgetary funds of the Russian Federation is carried out in accordance with Articles 13 and 19 of the Federal Law "On the Accounts Chamber of the Russian Federation" and the provisions of the Government Auditing Standard GAS 202 "The operational analysis of execution and the control over execution of the federal budget".

During the process of execution of the Federal budget, the Accounts Chamber analyzes completeness and timeliness of the Federal budget revenues, cash execution of the Federal budget measuring it against the approved indicators stated by the Federal Law on the Federal Budget, as well as identifies deviations and violations, analyzes them, in order to submit proposals for their elimination.

The Accounts Chamber quarterly presents to the Chambers of the Federal Assembly of the Russian Federation an Operational Report on the Federal budget execution progress, which includes data analysis on incomes, expenditures and financing sources for the Federal budget deficit. The form of the Operational Report is to be approved by the State Duma in coordination with the Federation Council.

In order to ensure timely collection and processing of information necessary for the preparation of the quarterly Operational Reports on the Budget execution progress carried out by the Accounts Chamber, the obligatory financial reporting system is established in the Russian Federation for all federal executive bodies and organizations. The decision concerning specifics of schedule for introduction and the forms of this reporting shall be made by the Government of the Russian Federation upon submission by the Accounts Chamber.

In the process of execution of the budgets of state non-budgetary funds of the Russian Federation, the Accounts Chamber analyzes the completeness and timeliness of revenues, including inter-budgetary transfers to the budgets of the state extra-budgetary funds of the Russian Federation, execution of the budget expenditures and financing sources for the budget deficits measuring them against the approved indicators stated by the Federal Laws on the Budgets of the state extra-budgetary funds of the Russian Federation, as well as identifies deviations and violations, analyzes them, in order to submit proposals for their elimination.

Quarterly, at the same time with the Operational Report on the Federal budget execution progress, the Accounts Chamber provides the Chambers of the Federal Assembly with operational information concerning execution progress of the state extra-budgetary funds of the Russian Federation budgets, which analyzes the data on incomes, including inter-budgetary transfers to the budgets of the state extra-budgetary funds of the Russian Federation, expenditures and sources of financing the budgets deficit of the state extra-budgetary funds of the Russian Federation.

The data of the operational analysis of the federal budget execution progress as well as execution progress of the budgets of the state extra-budgetary funds of the Russian Federation and control over the organization of their execution in the current fiscal year are used in planning control, expert and analytical activities

The Operational Report shall be based on the results of operational control over the execution of the federal budget in the current year, on audits conducted by the Accounts Chamber, taking into account expenditure schedules and settlement documents for transactions with budgetary funds, as well as the Ministry of Finance of the Russian Federation and the Federal Treasury reporting data, the federal budget funds chief administrators information and the data submitted by other participants with budgetary powers in the budget execution process.

The Operational Report contains detailed information on the transfer of revenues to the federal budget, the use of budget funds, sources of financing the budget deficit, information on execution of the state programs of the Russian Federation, including priority projects (programs), on the cash flow of the Reserve Fund and the National Wealth Fund, as well as on budget allocation for formation of state corporations’ assets.

Moreover, an analytical note will be prepared containing information not only on Budget execution progress, but also on the macroeconomic situation at each reporting date, which shall be sent to the Chairman of the Government of the Russian Federation.

Within the framework of the operational analysis, the Accounts Chamber prepares conclusions for bills on amending the Federal Laws on Federal Budget and on budgets of the state extra-budgetary funds of the Russian Federation for the current year and the planning period.


The on-going reports

A follow-up on the Federal budget and the budgets of the state extra-budgetary funds of the Russian Federation execution shall be carried out in accordance with Article 264 of the Budget Code of the Russian Federation, Articles 13 and 20 of the Federal Law "On the Accounts Chamber of the Russian Federation" and on the basis of the External Government Auditing (control) Standard GAS 203 “Subsequent control over the execution of the Federal budget" and the standard of External Government Auditing (control) Standard GAS 205 "Subsequent control over the execution of the budgets of state extra-budgetary funds ".

Subsequent control represents the verification of the execution of Federal laws on the Federal budget and the budgets of state extra-budgetary funds of the Russian Federation for the reporting fiscal year as part of independent monitoring or expert-analytical activities, or as part of a complex control and expert-analytical activities, that includes an external audit of the Annual Budget Reports of the Federal budget funds chief administrators. The Accounts Chamber performs an external audit of the annual budget reporting of the Federal budget funds chief administrators and prepares conclusions on each federal budget funds chief administrator. The conclusions on each federal budget funds chief administrator are submitted to the State Duma and the Federation Council.

The Accounts Chamber performs an external audit of the annual report on the execution of the federal budget and prepares a conclusion on the annual reports on the execution of the Federal budget. The conclusions on the annual reports on the execution of the federal budget will be submitted to the State Duma and the Federation Council, and also to the Government of the Russian Federation.

The Accounts Chamber analyzes reports on the execution of the budgets of the state extra-budgetary funds of the Russian Federation and prepares conclusions concerning the reports on the execution of the budgets of the state extra-budgetary funds of the Russian Federation. The conclusions on the reports on the execution of the budgets of the state extra-budgetary funds of the Russian Federation shall be submitted to the State Duma and the Council of Federation, and also shall be presented to the Government of the Russian Federation.


The Results of the Work

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