Privatization Dynamics and the State of Property Relationships in 2014: Key Trends
Russian Economic Developments. Moscow, 2015, #5, pp. 41-44
4 Pages Posted: 29 May 2015
Date Written: May 27, 2015
The past year was the first year of implementing the Forecast plan (program) of federal property privatization and the guidelines of federal property privatization for 2014–2016. The privatization program implementation was seriously hampered by adverse trends which began to develop as recently as Q1 2014. Earlier in December last year, when the federal budget for 2015–2017 was adopted, budget revenues from federal property privatization were envisaged to run at Rb 158,5bn in 2015. However, the updated in April 2015 version of the federal budget provides for drastic cuts, up to Rb 15,0bn, of revenues from federal property privatization. A reduction by an order of magnitude in revenues from federal property privatization will make their role strictly supplementary in financing federal budget deficit compared to the suggested spending of the resources from the Reserve Fund.
Keywords: Russian economy, federal property privatization, ownership relations
JEL Classification: H61, H50, H20, H70
Suggested Citation: Suggested Citation