Thursday, December 25, 2008

Officials were unable to determine the amount of strategic reserves of Russia.

The Government of Russia has no exact data on the composition and amount of property goskazny, including strategic reserves, said the Court of Accounts of Russia. The lack of accurate data can not develop a system of property management.
In particular, the state treasury in Russia is only 3,1 per cent of the total oil reserves of the country and deposits undistributed fund is about 22 percent of the total. According to the Audit Chamber, Russia has no clear strategy for creating a federal fund reserve of hydrocarbon deposits.
The growth of the unrecorded assets, according to the Audit Chamber, contributed little, and sometimes even completely lacking interaction between federal executive bodies. In addition, Russia has not developed the treatment of property funds. Thus, in Rosgeolfond geological records often come after 3-10 years after the end of the day.
Accounting Chamber of Russia is a body of financial control, reporting to the Federal Assembly, but with the organizational and functional independence. In its scope of activities includes the monitoring of the federal budget, the state of internal and external public debt, as well as the country's banking system, including the Central Bank of Russia.

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