Auditors prepare report on failure of Putin’s May goals in 2019

MOSCOW, Apr 23 (PRIME) -- Russia’s Audit Chamber will prepare a report on uncomplete fulfillment of the May 2012 orders by President Vladimir Putin until the end of 2018 in 2019, according to a statement seen by PRIME on Tuesday.

The investment ratio to the gross domestic product (GDP) stood at only 20.6% in 2018 against a plan of 27%, and the maximum of 21.4% was attained in 2017. Productivity raise was planned at 50% as compared with 2011 in 2018 but there was no sustainable rise in the period of 2014–2017.

The high-tech product share in the economy was to reach 25.61% to the GDP by 2018 but was only 21.3%. Mortgages were higher than 9.5% annually on average in 2018 but were forecasted to be no higher than inflation of 4.3% plus 2.2 percentage points.

“In 2019, the Audit Chamber will continue the work on analysis of these figures. A report with an all-encompassing assessment of the progress of the May 2012 order goals fulfillment is to be prepared,” the report read.

The Audit Chamber also reported 772.7 billion rubles of budget violations in 2018 with the state municipal procurement leading by the amount of violations, followed by budget formation and fulfillment.

(63.7860 rubles – U.S. $1)

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