Privatization revenue in Russia to reach peak in 2015 - Econ Min
MOSCOW. Nov 2 (Interfax) - Revenues from the privatization of federal property will reach a peak in 2015 and come to at least 595.1 billion rubles. Revenues will then decrease and come to around 100 billion rubles in 2018, according to a forecast included in a draft for the Russian government's main operational targets for the period until 2018, which has been sent to the government by the Economic Development Ministry and seen by Interfax.
However, the document says that total revenues may be adjusted when decisions are made on major sales and the privatization plans for 2015-2018 are approved.
According to target figure, the number of joint stock companies with state ownership will decrease from 2,933 in 2011 to 529 in 2018 and 385 in 2018. At the same time, the number of strategic joint stock companies will decline from 48 in 2011 to 30 in 2018.
Furthermore, out of Russia's 2,572 federal state unitary enterprises that existed in 2011, only 133 will remain in 2018. The number of strategic federal state unitary enterprises will be reduced form 145 to 43.
At the same time, the Economic Development Ministry expects state revenues in the form of dividends or profit from stakes in companies to increase: from 78.3 billion rubles in 2011 to 181.8 billion rubles in 2015 and 180 billion rubles in 2018.