OREANDA-NEWS The International Monetary Fund (IMF) considers it appropriate that data on 30 thousand state-owned companies in Russia should be included in the consolidated budget, and audited financial statements of these structures should be published.

The IMF indicated that over 30 thousand Russian state-owned enterprises remain outside the framework of the consolidated budget, and many of them do not publish audited financial statements, TASS reports citing the report of the fund.

The IMF is confident that “budget risk supervision can be strengthened by publishing a regular report on the state-owned enterprise (SOE) sector, expanding the horizon of long-term budget forecasts for 50 years, and regularly publishing a comprehensive report on budget risks,” emphasizes in the report.