Financial violations found in Karachay-Cherkessia and Kabardino-Balkaria

The Russian Audit Chamber found violations totaling 6.7 billion rubles in Kabardino-Balkaria and Karachay-Cherkessia, ITAR-TASS reports.

Not a single family has been moved from shattered buildings in Kabardino-Balkaria since 2009.

63% of the budget of Kabardino-Balkaria is formed by donations of the federal center, compared with 80% in Karachay-Cherkessia.

Wasteful usage of finances from the Russian Investment Fund put construction of an asphalt factory with an output of 486,000 tons annually at risk.

Both republics made violations on inter-budget transfers from the federal budget, formation of government orders for construction.