Date: 6 days ago   Category: Finance

The Audit Chamber told about the level of expenses of the Ministry of Finance on increase in financial literacy — Rambler News Service


The Ministry of Finance of the Russian Federation in seven years used only a half of the means provided on the project on increase in financial literacy of the population of the country, the press service of Audit Chamber following the results of check of use of a loan of the International Bank for Reconstruction and Development on implementation of the "Assistance to Increase in Level of Financial Literacy of the Population and to Development of Financial Education in the Russian Federation" project reported. "Check showed that annual volumes of use of means within the project were much lower than the planned volumes which are annually approved by the Ministry of Finance of the Russian Federation. So, in 7 years of implementation of the project the Ministry of Finance used only about a half of the provided means - $106.08 million or 50.6%, including means of a loan of IBRD - $18.13 million (72.53%)", - it is said in the statement. The Ministry of Finance began to implement the specified project since June, 2011. It has to come to the end in December, 2020. On its realization $209.7 million are provided, including joint financing of the Russian Federation - $184.7 million and a loan of the International Bank for Reconstruction and Development (IBRD) - $25 million the Audit Chamber notes that it is impossible to draw a conclusion about significant growth of financial literacy of Russians during implementation of the project as values of the target indicators accepted by the ministry for assessment of achievement of the goals of the project were received following the results of the sociological surveys of the population conducted in 2012-2015. "During check established facts of inefficient use information the Internet of resources for the total amount of 20.7 million rubles, some websites and landing pages created within the project are not supported and not updated. Besides, the Ministry of Finance did not provide appropriate accounting of the Internet portals and a web of the websites for the sum more than 840 million rubles", - the auditor of department Tatyana Manuylova noted. The board of Audit Chamber made the decision to direct submission to the Ministry of Finance of the Russian Federation and also the report - to the State Duma and the Federation Council.

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