In a recent meeting with Boris Kovalchuk, Chairman of the Russian Accounts Chamber, President Vladimir Putin emphasized the need for strict financial oversight despite an increase in the country’s budget revenues.
No Surplus Funds
Putin acknowledged that while the Russian budget is experiencing growth, with minimal deficits and rising non-oil and gas revenues, there are no surplus funds available.
“Indeed, our budget revenues are increasing, the deficit is minimal, and non-oil and gas revenues are performing well. Oil and gas revenues are also picking up,” Putin stated. “However, we don’t have extra money,” he added, underscoring the importance of maintaining financial discipline.
Figorous Monitoring
Putin specifically directed Kovalchuk to ensure rigorous monitoring of financial practices, urging him not to overlook any potential issues, which could include instances of financial misconduct or corruption. “I hope you will pay the closest attention to financial discipline,” Putin said. “Moreover, don’t miss anything that could be termed as criminal activity.”
The President also reassured Kovalchuk of their continuous communication, stating that they could always discuss complex issues as needed. “We have direct communication; in the most critical cases, feel free to pick up the phone and call me directly,” Putin advised.
This directive highlights the Kremlin’s focus on preventing financial mismanagement and corruption amid a period of budgetary improvements.
