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The Accounts Chamber discovered new mistakes in the government work with state-owned companies

Business
27.08.2020
169
The Accounts Chamber discovered new mistakes in the government work with state-owned companies

The Accounts Chamber analyzed the work of the state with state-owned companies and prepared a report, in which it indicated that more than five hundred companies didn’t allocate funds to the country’s budget during 2017-2019.

According to the department’s report, over the past three years, charges to the budget from joint-stock companies with state participation increased by 76% and almost reached 1 trillion. Accruals from unitary enterprises, in turn, increased by a third over the same period – they allocated 19.5 billion rubles. However, 97% of dividends to the country’s budget are still paid by only 20 joint-stock companies, which is 2% of all sources.

Also, from 2017 to 2019, the debts for transferring income from the profit of the FSUE to the budget increased by more than three and a half times, which indicates a drop in the quality of income control.

The ministry said that the management system for companies with state participation needs to be improved. It is currently impossible to calculate the budget losses due to insufficient administration of companies, since the corresponding methodology has not been developed.

What other conclusions did the Accounts Chamber come to:

  • Most companies operate at a loss. The agency is confident that a significant number of joint stock companies that are not among the largest are operating at a loss. For example, according to the results of 2018, only 66 out of 123 joint-stock companies received net profit.
  • Some companies are in the “invisible zone”. The Federal Property Management Agency archive keeps 845 companies’ reports on the results of the work in 2017, and 699 reports for 2018. At the same time, some of them don’t indicate profit and loss. At the beginning of this year, 979 companies were registered with Rosimushchestvo. No information was received from 606 of them on the results of their work.
  • Information from government agencies on the number of state-owned enterprises varies. Data on organizations with state participation is in the Unified State Property Management System. Another source of information on the number of joint stock companies is some forms of annual reports. However, having studied all possible resources, the analysts of the Accounts Chamber found out that the information in state resources about joint-stock companies differs.
Author:Елена
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