The audit chamber of Russia noted the failure by government guarantees

The audit chamber of Russia noted the failure by government guarantees


Head JV Tatiana Golikova noted that ERM the Ministry of Finance and the Ministry of economic development for the nine months approved for submission to the government Commission 15 applications in the amount of 169,4 billion rubles. However guarantees were not realized.

MOSCOW, 21 Oct. The accounts chamber (JV) of the Russian Federation notes the low points of the implementation of anti-crisis plan of the government concerning the provision of state guarantees, said the head JV Tatyana Golikova, speaking Wednesday in the state Duma.

In the Federal budget for purposes of project financing provided guarantees in the amount of up to 60 billion rubles, “and to 297,5 billion roubles under credits or bonded loans attracted by legal entities for implementation of investment projects, or for other purposes, including funding of the restructuring of current debt”, said the head of the control body.

In the part of the project financing on October 1, the interdepartmental Commission (MVK) on the selection of investment projects considered 55 applications with the amount of warranty support to more than 90 billion rubles, she said. “That is, one and a half times more than that provided government guarantees. However, issued on 1 October 2015 24 state guarantees in the amount of 34.1 billion (56.9% of provided)”, — said Golikova.

“The second kind of warranty, MVC Ministry of Finance and economic development in nine months reviewed applications totaling nearly 217 billion rubles, approved for submission to the government Commission 15 applications in the amount of 169,4 billion rubles. As of 1 October no guarantee is not implemented”, — said the head of the joint venture.

In addition, according to her, the government has taken the decision to reduce to 15 days the deadline for the issuance of guarantees of systemically important organizations, but “not a single state guarantees on October 1, not issued”.

A similar situation exists with the provision of state guarantees in foreign currency for support of export of industrial products, she continued. “Despite the simplification of procedures, reduction of terms, the guarantee was not provided,” — said Golikova.