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Accounts Chamber reveals multibillion violations in Russian national security spending

April 10, 2014, 17:07 UTC+3 MOSCOW
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MOSCOW, April 10. /ITAR-TASS/. Russia’s Accounts Chamber has revealed financial violations worth 274 billion rubles ($7.7 billion) in 2013 in federal budget spending on national security and law enforcement activity, a deputy head of the Accounts Chamber, Vera Chistova, said on Thursday.

“The figure of the revealed financial violations is frightening - 274 billion rubles,” said Chistova, who was speaking at a meeting of the Security and Anti-Corruption Committee of the lower house of Russia’s parliament, the State Duma.

She explained that “the figure includes all types of financial violations and not only inefficient and improper use of funds”.

“In line with a classifier used in the Accounts Chamber, 66 billion rubles [$1.9 billion] is referred to as inefficiently used funds, 2.6 million rubles [$73,100] is referred to improperly used funds,” Chistova said.

“The figure for such a large amount of inspections is rather small,” she said, adding that the classifier is imperfect, and the inspection agency is now trying to optimize it.

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