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Privatization Program For 2014-2016: Formal Shifts And Uncertain Prospects

Author

Listed:
  • Radygin Alexandr

    (Gaidar Institute for Economic Policy)

  • Malginov Georgiy

    (Gaidar Institute for Economic Policy)

Abstract

The outcome of the current privatiza on 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 domestttc 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 privatiza on 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 privatiza on program for 2011–2013 over the entire 3-year period of its implementa on. 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).

Suggested Citation

  • Radygin Alexandr & Malginov Georgiy, 2016. "Privatization Program For 2014-2016: Formal Shifts And Uncertain Prospects," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 43-50, May.
    • Handle: RePEc:gai:recdev:recdev-2016-5-627
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    More about this item

    Keywords

    Privatization; Russian Economy;

    JEL classification:

    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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