Federal Property and Privatization Policy in Russia in 2017
63 Pages Posted: 31 Jul 2018
Date Written: July 11, 2018
2016 saw first publication of data from a performance measures framework for federal property management that was adopted on January 29, 2015 by Russian Government’s executive order No. 72 in lieu of performance measures for a public sector monitoring conducted by Rosstat in the early 2000s in pursuance of the Russian Government’s executive order No. 1 dated January 4, 1999 (as further amended on December 30, 2002). The performance measures framework contains data for the number of federal state unitary enterprises (FSUEs) and joint-stock companies (JSCs) with government equity participation that were previously published in privatization programs over a 3-year period (since 2011) and one-year period (prior to 2011). A new Forecast Plan (Program) for Federal Property Privatization and Guidelines for Federal Property Privatization for 2017–2019 adopted early in 2017 contains data dated only as of early 2016. As of early 2017, according to the Report of the Federal Agency for State Property Management (hereinafter Rosimushchestvo) on the implementation of privatization program for 2017–2019, the Russian Federation owned 1108 FSUEs and held an interest of 11 and 17 percent in 1416 JSCs and LLCs, respectively, marking a decline from the previous year’s number of economic agents with the same legal form of business. However, developments and processes that took place in 2017 only can be described using data from the performance measures framework for federal property management.
Keywords: Russian economy, federal property, privatization
JEL Classification: K11, H82, L32, L33
Suggested Citation: Suggested Citation