Privatization Program for 2014-2016: Formal Shifts and Uncertain Prospects

Russian Economic Developments. Moscow, 2016, No. 5, pp. 43-50

8 Pages Posted: 19 May 2016

See all articles by Georgy Malginov

Georgy Malginov

Gaidar Institute for Economic Policy

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: May 19, 2016

Abstract

The outcome of the current privatization program, to be completed this year, will strongly depend on the general situation in the Russian economy, and in particular on the behavior of the domestic stock market. In the explanatory documents a ached to the draft law on federal budget for 2016 submitted to parliament by the government, it is stated that the revenues from privatization are expected to amount to more than Rb 33.2bn. This goal does not appear to be quite realistic, though. The planned sum of budget revenue to be generated by this source in 2016 is comparable to the total amount of revenue generated by the privatizaion program for 2011–2013 over the entire 3-year period of its implementaion. However, the economic and political situation then was very different from what we have been experiencing over the last two years (massive capital outflow, the introduction of economic sanctions, the ruble’s plummeting exchange rate, and the probability of protracted recession in the national economy).

Keywords: Russian economy, privatization

JEL Classification: H82, K11, L33

Suggested Citation

Malginov, Georgy and Radygin, Alexander, Privatization Program for 2014-2016: Formal Shifts and Uncertain Prospects (May 19, 2016). Russian Economic Developments. Moscow, 2016, No. 5, pp. 43-50, Available at SSRN: https://ssrn.com/abstract=2781869 or http://dx.doi.org/10.2139/ssrn.2781869

Georgy Malginov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny Lane 3-5
Moscow, 125993
Russia

Alexander Radygin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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