Home / Economy / In Russia say the failure of future privatization – the budget will lose about $22 billion

In Russia say the failure of future privatization – the budget will lose about $22 billion

In Russia say the failure of future privatization – the budget will lose about $22 billion

 

The main reason for losses – the value of the assets of the largest Russian state-owned companies fell by half.

В России заявляют о провале будущей приватизации - бюджет недосчитается $22 миллиардов
REUTERS

The budget of the Russian Federation due to a sharp drop in the value of state-owned companies may receive less in the course of their privatization, some 1.5 trillion rubles (22 billion dollars, 1 dollar 70 rubles), said the head of the Duma Committee on property Sergey Gavrilov, reports TASS.

“Over the past two years the total cost of our companies fell by more than two times, Rosneft is now worth not $85, and $45 billion In this regard in the course of privatization, the budget could be short up to 1.5 trillion rubles”, – he said.

READ Takterasse under siege: EU banks after the U.S. refused to place her Eurobodalla also believes that the privatization of state-owned companies may lead to other losses of the budget – for example, on tax revenues. “In addition, state-owned companies are the largest taxpayers. Amount of taxes from companies with state participation is approximately one quarter the tax revenues of the budget. There is a risk that the budget will lose on the tax base significantly,” – said the head of the Committee.

The MP also stressed that the question of the dividends that these companies pay into the budget. The MP reminded that the amount of revenues from dividends of state-owned companies is about 100 billion rubles a year.

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