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#6 - JRL 7016
Russian Audit Chamber plans series of probes in 2003.
January 13, 2003

The Russian Audit Chamber will carry out a series of probes this year to find out how budget funds committed to priority economic objectives are used.

Audits will examine the implementation of the federal budget and the budgets of state off-budget funds in 2002 and 2003. They will also monitor the preparation of these budgets for 2004 and assess the credibility of principal macroeconomic projections for next year.

The Audit Chamber also plans to make some inquiries in Chechnya about the use of federal funds allocated for social and economic reconstruction in the republic in 2002, and the use of funds provided for free medical services to the population.

The Chamber will also look into the use of funds earmarked for fundamental and applied research by the Defence Ministry.

In April and May of this year, auditors will examine the use of funds allocated for the reconstruction of St. Petersburg in connection with its 300th anniversary.

In addition, the Audit Chamber will have to scrutinise the use of the state's share at the Magnitogorsk metallurgical mill, compliance with federal budget revenue assignments given to the Bashneft oil company, the status of settlements with Georgia for Russian natural gas supplies, the financial activities of the companies Rosneft and RAO UES of Russia, and the completeness of dividends of the oil company Slavneft in 2002.

Auditors will evaluate support to Russian agricultural producers, examine the expenditures of the Russian Agency for Conventional Weapons, the Sukhoi aircraft company, and the Russian Federal Property Fund. They also plan to assess the use of foreign investments.

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