During the discussion on the organized “VTB Capital” “Russia calls!” The economic development Ministry and the Finance Ministry have differed in expectations of budget revenues from privatization in 2017. The Ministry of Finance laid in the draft budget of 130 billion rubles, and the Ministry considers that the plan can be exceeded by half, according to RBC.
Finance Minister Anton Siluanov said that the privatization plans for 2017-2019 modest and need to go back to their discussion. “Yet we have large volumes, big plans for privatization. I think that together with colleagues from the Ministry of economic development during the next budget cycles, we are definitely going to touch, because if this year we hope to sell big packages, then the next until we have a plans are quite modest,” – explained his position the head of the Ministry of Finance.
According to Anton Siluanov, after the sale of shares of “Bashneft” and “Rosneft” planned to the end of 2016, “big packages” privatization for the next three years is not expected.
“While our budget for next year is 130 billion rubles – VTB and Sovcomflot, and then, unfortunately, little actual nominal volumes,” – said Siluanov.
However, the Minister of economic development Alexei Ulyukayev, as it turned out, believes that privatization activity will not be much reduced. “I don’t quite agree with my colleague that we’re going to lower privatisation activity, yet it is not so. We have a lot of good assets in the reserve, some of them included in the privatization plan, and this applies to the “Sovcomflot” and our port facilities,” he said.
10.9% of VTB shares are also in the privatization plan, he said. “We will look for a convenient window for this. We expect that in 2017, such a window opens, and we’ll take it,” he said.
In addition, Ulyukayev reminded that privatization may affect infrastructure and defense-industrial companies, such as holding “Helicopters of Russia”.
According to the head of Ministry of economic development, the authorities expect to receive in years 2017-2019 200-300 billion rubles in privatization revenues.
Siluanov, in turn, called the plans Ulyukayev too “optimistic”. In the budget projections of the Ministry of Finance assumes that in 2016, the state may obtain from the privatization of 382 billion rubles, in 2017 – 138 billion rubles, and in 2018 or 2019 – just 14 billion rubles.
Recall that the economic plan of the government for 2016 provided for the replenishment of the budget revenues through privatization of certain government assets.
Discussed the list of companies whose state shares could be sold fully or partially this year, among which was called “Rosneft”, “Bashneft”, “ALROSA”, “Aeroflot” and VTB Bank.
Yet to privatize was only the state-owned ALROSA, in the coming days is expected to complete the transaction on purchase by Rosneft of state-owned shares “Bashneft”.
The head of VTB Andrey Kostin informed on Wednesday said in an interview to Bloombergthat the next stage of privatization of the state Bank should be carried out after the lifting of sanctions against Russia.
“My personal opinion – we must wait for the lifting of sanctions, and then continue privatization. But if the owner – the government – will insist, I think we will be able to structure some of the transaction may next year. But it is too early to talk about it”, he said.