Konstantin Sedov appointed head of Federal Service for Financial and Budgetary Supervision

Prime Minister Dmitry Medvedev has appointed former Moscow Region Deputy Governor Konstantin Sedov head of Rosfinnadzor (Federal Service for Financial and Budgetary Supervision). He had been responsible for monitoring the financial and economic area of Moscow region, with the state debt of the region’s budget contracting under his watch from RUB 155.2 billion in 2009 to RUB 80 billion by June 2012. However, he was not retained by the team of the new Governor of Moscow Region Sergei Shoigu.

At the same time, Sedov could find himself running a newly revitalised state body. According to proposed amendments to the Budget Code, the powers of Rosfinnadzor could be expanded. As well as verifying the completeness and reliability of the reporting relating to the discharge of state programmes, the Government approved these amendments in mid-July and forwarded them to the State Duma. If approved, the agency could oversee RUB 11.6 trillion in 2013, equivalent to 86.6 per cent of federal budget expenses.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: