The Russian government will accelerate the privatization of unclaimed state property

The Russian government approved the acceleration of the rate of privatization of property unclaimed by the state, and the corresponding bill will be submitted to the State Duma. This was reported on the government website.

“To approve the draft federal law” On Amendments to the Federal Law “On Privatization of State and Municipal Property” “and submit it to the State Duma in accordance with the established procedure,” it was reported.

The draft law provides for the acceleration of the rate of involvement in the economic turnover of immovable and movable property of the state treasury of Russia, which turned out to be not in demand by the state for the performance of its functions and did not bring it income.

As it became known earlier from the data of the Accounts Chamber, the plan for the privatization of federal property for 2017-2019 in Russia was fulfilled only by 25%, which was the lowest figure in the last ten years. The inflow of funds to the federal budget from privatization has also declined. In 2017, it amounted to 15.1 billion rubles, and in 2019 – 12.1 billion rubles. In total, the federal budget received 40.8 billion rubles from the privatization of federal property for the period 2017–2019. (82.3% of budget assignments).

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