| Submit your comments on this article |
| Caucasus/Russia/Central Asia |
| Privatization of Russian state assets have slowed since 2017 |
| 2021-05-31 |
| Direct translation of the article. [REGNUM] In Russia, the implementation of the program for the privatization of federal property in 2017-2019 turned out to be the minimum over the past ten years. This was reported in the Accounts Chamber following the results of the audit. The Account Chamber is a specific body of the national Duma which oversees the Russian privatization program Thus, the inflow of funds to the federal budget from privatization decreased from 15.1 billion rubles in 2017 to 12.1 billion rubles in 2019. In total, the federal budget received 40.8 billion rubles from the privatization of federal property over the specified period (82.3% of budget allocations). According to the ministry, the reason for the low budget revenues is the lack of large sales, out of nine blocks of shares in the largest companies included in the privatization plan, only one was sold in favor of another joint-stock company planned for privatization. Another reason for the reduction in revenues is the increase in the share of sales of federal property in the "secondary" auction, that is, through a public offer without a price announcement. In addition, the Accounts Chamber clarified, the work of agents for the sale of federal property also did not show efficiency - about 20% of the treasury objects included in the forecast privatization plan were not put up for auction by the agents. As reported by IA REGNUM , according to the plan of the government of the Russian Federation for 2021-2022, it is planned to terminate the participation of the Russian Federation in the authorized capital of JSC Makhachkala Sea Commercial Port, PJSC Novorossiysk Commercial Sea Port, as well as JSC Foreign Economic Association Almazyuvelirexport.. After the transfer its powers in terms of the export of precious metals and precious stones of the State Fund of Russia, rough diamonds and diamonds of the state funds of precious metals and precious stones of the constituent entities of the Russian Federation and the sale of representative consignments of rough natural diamonds to another authorized organization. Also, according to Regnum.ru The Russian Finance Ministry is planning to simplify the process of purchasing state property: The Russian Ministry of Finance is working to simplify the procedure for the sale of state property. On May 28 this was announced to reporters by the deputy head of the department Alexei Moiseev . “New approaches and regulations are being developed that will simplify the procedure for selling property. Property management processes are also being modernized, including through the creation of a full-fledged bidding system , ”he said. Moiseev also noted that in 2020 the Federal Property Management Agency, which came under the jurisdiction of the Ministry of Finance from the Ministry of Economic Development, fully fulfilled the privatization plan, the budget received 4.08 billion rubles against the plan of 3.6 billion rubles. |
| Posted by:badanov |