Last week it became known that the report of the control management of the President of Russia, devoted to questions of management efficiency state-owned enterprises, dated late April, was named the amount of losses for the period from July last year – more than 53 billion rubles from 67 of the largest state companies and their subsidiaries. The document notes that state-owned companies do not evaluate properly the financial risks for banks, leading to significant losses of their funds.
Then there were articles with screaming headlines, like “Elvira threw the state-owned company at 53 billion”.
But, what does the Central Bank and its head?
Yes, according to the Bank of Russia in 2015 under reorganization were 15 banks, but lost the license of the credit institution 93. The result is that state-owned companies and their subsidiaries in less than a year lost over 50 billion rubles in the banks deprived of the licenses of the Central Bank.
I would like about this to share some thoughts and observations.
Managers of state-owned companies, for the most part, so – called “effective managers”. This concept of a decent phrase to the present time has become almost abusive. From the former “red Directors” they differ dramatically by the fact that those in the majority, and in thoughts could not prevent the phenomenon of “misuse of funds”.
Modern leaders, the money allotted by the budget (state or corporate) on a specific production goal, keep on Deposit and invest in the various stock scams, such as currency speculation or trading in securities, real estate, etc. And the contractors are paid, as usual, at the end of the twentieth of December. “Cream”, of course, taking away her loved ones. Of the “cream” remains in the Corporation, and what goes into the pockets of specific individuals, no one knows.
No wonder Anatoly Chubais, speaking at the new year party “Rosnano” bluntly stated: “we Have a lot of money, all double prize!”
Not only that, these state-owned companies, for the most part, to specific industrial issues are actually irrelevant, and doing the “fiddling” of financial flows, and industrial activities of these organizations, the expense of which they live, are treated as their own serfs…
Of course, when the banks that used to provide such, that is to say, “unearned income”, there are problems, suffer from both these companies.
A characteristic example of this loss of JSC “Lenenergo” in Saint-Petersburg 13 billion with the collapse of the Bank “Tavrichesky”. And the fact that the money, frozen in a Deposit was not taken in reporting the energy monopoly, we are in no way surprising.
In November 2015 the activists of the popular front drew attention to this issue of the President of the country on the example of the state company “Special economic zones”, which instructed the state office of public Prosecutor, audit chamber, Federal tax service and Federal financial monitoring service to check the facts given onf. And the facts are that, instead of inserting money into the budget construction, the state company “replayed” them in banks, earning annually on the percent of the nearly 3 billion rubles.
“Honestly, I did not know that the money allocated by the Federal budget for these purposes instead of investing them in real production, in organization, in infrastructure, just lying in the accounts and in banks, spinning to obtain the corresponding profits, it is unclear where going”, — said Putin.
The amount thus “posted” money is impressive. For example, temporarily free funds of the Fund of assistance to reforming of housing and communal services at the end of 2015 amounted to 58.7 billion rubles. As follows from statements of the Fund, 88% of them were placed on deposits in commercial banks at an average rate of 11.4% per annum. However, the Fund still enjoys the privilege on profit tax in respect of this income, and this benefit was recently extended until 1 January 2018.
Probably why recently the Ministry of Finance has developed amendments to the Budget code, which will allow him to take state-owned corporations income from the placement of budgetary funds on deposits.
But, first, until these amendments are adopted, much water will flow away, and the money will be “cool”, bringing revenue to the individual personalities that make them, literally, out of thin air.
And, secondly, state-owned companies have such long lists of their “daughters”, “grandson” and other affiliates, to circumvent these obstacles will be a snap.
Moreover, everything written here concerns not only state corporations, state companies, and various private “vertically integrated structures” owned by “owners of factories, Newspapers, steamships”. Because of the widespread belief that management efficiency depends on the form of ownership, and the private owner is always more effective than the state, in our country, in most cases, unfortunately, does not work…
