OREANDA-NEWS  The expenses of Russian regions for servicing the national debt increased by 6.8 percent in the first three months of this year. This is stated in the operational report of the Accounts Chamber on the implementation of the federal budget and the budget of extra-budgetary funds.

At the same time, the agency noted a decrease in the share of market borrowings from 7.2 percent on January 1, 2024 to 4.8 percent on April 1. The auditors explained the increase in payments as a sharp increase in the key rate in the second half of 2023, as well as a significant increase in turnover on commercial loans due to a single tax payment.

The latter circumstance is due to the fact that the coverage of cash gaps was carried out every month at the expense of commercial loans, which are repaid at the expense of received income.

In general, in the first three months, consolidated budgets showed an increase in revenues by 3.6 percent year-on-year and an increase in expenditures by 5.9 percent. The Accounting Chamber believes that the reason for the greater increase in costs was also the sanctions of Western countries.

Earlier, the department's auditors estimated that nine ministries and departments "nightmare" business in Russia. To do this, the Accounting Chamber checked 44 ministries and departments for the execution of orders on control and supervisory activities.