Reporting and audit

Reporting on Reserve Fund assets operations

Ministry of Finance monthly reports on inflow and outflow of oil and gas revenues of the federal budget, value of Reserve fund assets at the beginning of reporting month, inflows and outflows to the Fund and allocation of Reserve Fund assets in reporting month.

In scope of report on execution of federal budget the Ministry of Finance quarterly provides to the Government reports on inflow and outflow of oil and gas revenues of the federal budget, management and use of Reserve Fund assets.

In scope of report on execution of federal budget the Government provides to the both Chambers of the Russian Parliament (State Duma and Council of Federation) reports on inflow and outflow of oil and gas revenues of the federal budget, accumulation, management and allocation of Reserve Fund assets.

Audit of operations with Reserve Fund assets

In scope of execution of federal budget Accounts Chamber of the Russian Federation examines accumulation, expenditure and management of Reserve Fund assets ^[1].

Accounts Chamber quarterly provides to the Chambers of Russian Parliament report on execution of federal budget which shall include information about incomes received and expenses made, including accumulation, expenditure and management of Reserve Fund assets.

[1] based on Federal law No.4-FZ dated 11 January 1995 “Accounts Chamber of the Russian Federation”