ACRF examines the budget execution for 2020

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October 11, 2021
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ACRF
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The Accounts Chamber submits a review on the report on the budget execution for 2020 prepared by the Government. Audit results have demonstrated: the report outlines a true and reliable view of the financial situation as of January 1, 2021.

KEY FINDINGS

As a result of audits of the federal budget law implementation, the Accounts Chamber found out violations amounting to 338.6 billion rubles and sent 1 appeal to the Federal Security Service and 13 appeals to the Prosecutor General’s Office. The latter issued 16 submissions on the elimination of law violations, initiated 7 administrative offense proceedings, and issued warnings towards two officials.

The Accounts Chamber also stated potential reserves of additional revenues to the budget in 2020. They could have been ensured via more effective measures aimed at the following issues:

  • to repay existing debts on taxes, duties and fees;
  • to collect additional payments based on the results of control efforts;
  • to improve control over the reliable customs declaration of the customs commodity costs;
  • to reduce inefficient tax benefits and exemptions.

The volume of unfulfilled budget allocations amounted to 1.021 trillion rubles, which is comparable to 2019 (1.121 trillion rubles). Significant amounts of unexecuted expenses indicate the need to improve financial discipline.

The Accounts Chamber as well checked the budget execution of extra‑budgetary funds - Social Insurance Fund (SIF), Pension Fund of Russia (PFR), Federal Compulsory Medical Insurance Fund (FCMIF).

All documents on budget auditing can be found here.