Analysis of the expenditure budget of the Russian pension fund

The author carries on examination of the finance reports of the Russian Pension Fund and considers the expenditure budgets. Analysis of the revenue part of the Pension Fund budget was published in the journal Population No 2, 2014. The pre-sent article provides a short analysis of the Pension Fund budget spending in 2011-2012 from the point of information on the Fund’s finance policy concerning exercise of its main functions (insurance-related and other). The primary task of the investigation was to assess the possibility of evaluating the finance provision of every category of pensioners. The analysis made it possible to find out some positive shifts in the specification of expenditure in 2012 as compared to 2011, still there is no complete transparency. There is no clear division between the finance spending on the contributory and State pensions. Administrative costs are not accumulated in a single division (or sub-division). All this gives rise to the following conclusion: provided these shortcomings are not removed, the Report on the Budget Performance will not be a reliable (full-bodied) source of information for estimating the efficiency of the finance activity of the RF Pension Fund.