Russia’s Public Sector and Privatization Policy in 2018

Abstract

From 2016, statistical data began to be published in the framework of the System of Public Property Management Efficiency Estimates. It was approved by Decree of the RF Government No 72 dated January 29, 2015, and introduced by way of replacing the public sector monitoring data, collected and released by the Federal State Statistics Service (Rosstat) since the early 2000s in accordance with the provisions stipulated in RF Government Decree No. 1 dated January 4, 1999 (as amended on December 30, 2002). Among other things, the System contains data on the number of federal state unitary enterprises (FSUEs) and joint-stock companies (JSCs) with RF stakes in their capital. Previously, such data were usually published as part of government privatization programs (from 2011 – for three-year period, and prior to 2011 – for one-year period). In the current Forecast Plan (Program) of Federal Property Privatization and the Main Directions of Federal Property Privatization for 2017–2019, relevant data are available only as of early 2016 (Table 1), and so in order to describe the processes taking place over the period 2016–2018, one must rely on data in the System of Public Property Management Efficiency Estimates.

Keywords: Russian economy, public sector, privatization policy

JEL Classification: G32, G33, G34