The government will expand the powers of the Accounts Chamber under Kudrin

Alexei Kudrin begins to expand his powers. The government plans to submit amendments to the Budget Code to the State Duma, giving the Accounts Chamber the right to check budget expenditures in the regions. This is necessary in order to control the trillion-dollar spending under Putin's "May Decree".

Details

• The amendments give the Accounts Chamber and the Federal Treasury the authority to control the execution of the budget by local authorities, the spending of transfers from the federal budget and funds earmarked for off-budget funds - Pension, social, medical insurance. In addition, the regions will be able to involve the Accounts Chamber for the internal audit of the local budget, they will be able to involve federal bodies, that is, the Federal Treasury, in this.
• Now the powers of the Accounts Board and the Federal Treasury to control the execution of local budgets are extremely limited, and due to gaps in the legislation, many cases of violations are simply not considered to the end, notes a source from the financial and economic block of the government. The new powers of the Accounts Chamber will strengthen its control over the regions, especially since it is planned to introduce liability for violations of budget legislation.

Context

• Strengthening control over the spending of budgetary funds is associated with the need to control the expenditures planned by Vladimir Putin's " May Decree" . Only additional budget expenditures on infrastructure, healthcare, and education will amount to 8 trillion rubles.
• Earlier, Kudrin spoke about the future expansion of the powers of the Accounts Chamber - for example, the readiness to take over part of the functions of the Open Government in terms of tracking the goals, obligations and KPIs of each minister.

What's in it for me

How the powers of the Accounts Chamber are expanded under Alexei Kudrin will determine which part of the program written by his Center for Strategic Research the government will be able to fulfill.

Liana Faizova