Page 91 - Russia OUTLOOK 2024

Privatisations restart
The Finance Ministry has suggested that the government privatise some companies in 2024 keeping a controlling stake, Minister Anton Siluanov said in an interview to Rossiya 1 television channel aired on October 10. “I can say that we have another resource, we have privatisation, and we could consider additional sales of some state assets next year and attracting more private business to the state enterprises without losing control of the state,” he said. He refused to mention any companies that could be privatised. But privatisation is one of the sources of covering budget spending which should hit a record of RUB36.5 trillion in 2024, he said. If the economic situation improves, the ministry may even consider amending the borrowing plan for 2024, he said, adding that the government plans a RUB500bn injection into the National Wealth Fund next year. A favourable condition of the external markets would also allow the government to replenish the National Wealth Fund in
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