“In the three-year budget did not include revenues from the sale of large state-owned companies

– In the three-year budget includes the revenues from privatization in the amount of less than 10 billion rubles a year, said Finance Minister Anton Siluanov at a briefing following the government meeting.

Thus, according to him, income are not included big sale.

In turn, the head of the Ministry Maxim Oreshkin said that this does not mean that the privatization of major assets will not be “just laid conservative scenario”, but the vector “reduction of the state share in the economy persists.”

Экономика18 Sep 2017Минфин calculated the budget for next year with a deficit of 1.37% Witchetty read more

In the draft Federal budget for 2018 to 2020 envisages revenues from dividends of state companies and state banks in the amount of slightly more than 400 billion rubles annually, said Siluanov.

“As for dividends, we have provided for the payment of dividends over the three-year period based on 50% (of net profit under IFRS – approx. If) on the key to our companies. We also envisage the payment of dividends by banks with state participation, which will be calculated, including taking into account the implementation of capital adequacy ratio. Therefore, the total amount of dividends for the next three years accounted for slightly more than 400 billion rubles annually,” he said.

The Minister also noted that the decision on the dividend to specific companies and banks will be taken by the government in the preparation of guidelines of voting at the Board of Directors.

“For them the decision will be taken by the government of the Russian Federation in the preparation of the guidelines in respect of voting on the dividend policy. The budget takes into account the amount slightly less than this year, the final decision will be determined in the course of the next year in the preparation of the directives on voting in the framework of state participation in these companies”, – said the head of the Ministry of Finance.

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