Page 11 - RusRPTMay20

2.3 ​ ​Work on national projects slows down again
The Russian Audit Chamber has uncovered holdups and glitches in the financing of President Vladimir Putin’s National Projects, which until recently were considered the main vector of the country’s development, Nezavisimaya Gazeta wrote.
According to the auditors, the federal budget’s expenditures for the implementation of the projects and the Comprehensive Plan for the modernization and expansion of the main infrastructure for the first three months of 2020 were only 15.7% fulfilled. With the growing global economic crunch, many pre-crisis plans by the authorities may become irrelevant, the Audit Chamber says in a report.
According to it, expenditures on the Healthcare nation project were 40.5% completed, Housing and urban environment saw a 32.7% fulfilment, while the Culture sector was at 20.8%. The least successful National Projects were Safe and High-Quality Roads, Digital Economy, International Cooperation and Export, and Ecology.
Meanwhile, the Finance Ministry does not see any particular problems in these figures. The ministry’s press service told Nezavisimaya Gazeta that assessing the execution of the federal budget’s expenditures for the first quarter is not indicative.
11​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com