The development level of the Investment Fund of the Russian Federation declined to 70.2 percent in 2011 from 93 percent a year earlier, said the Accounts Audit Chamber of the Russian Federation. The audit showed that in 2010-2011 a reduction in the volume of budgetary allocations to the investment fund took place. According to the controlling agency, there also occurred a 13.2-billion-roubles increase in the cost of funding received from the Investment Fund. As such, funding costs totaled 67.4 billion roubles in 2011, compared to 54.2 billion roubles in 2010. The fund’s performance decreased by 3.2 billion roubles to 47.3 billion roubles from 50.5 billion roubles.