Private sector: revenues from privatization exceeded the annual plan by five times by July

By July, revenues from privatization exceeded the annual plan by five times. According to this article, the budget has already received 27.5 billion rubles against 5.5 billion rubles allocated for 2025, Izvestia found out. Small enterprises were sold to private ownership, for example, an exhibition complex in Bashkiria or the Quartz clay mining plant in the Yaroslavl region, as well as recreation centers. Revenue growth is important against the background of an increase in the treasury deficit to 4.9 trillion in the first seven months of 2025 alone. Which companies can be privatized this year can be found in the Izvestia article.

Privatization of property in 2025

According to the results of the first six months of this year, the privatization of federal property brought 27.5 billion rubles to the budget, the press service of the Federal Property Management Agency told Izvestia. In total, the financial plan for the proceeds from privatization in 2025 includes an amount five times less — 5.5 billion rubles.

The Federal Property Management Agency did not specify which companies it was talking about. Based on the open data, it can be concluded that the budget mainly managed to make money on small transactions. For example, the authorities of the Yaroslavl region this year sold three objects for 200 million, including shares of the Quartz clay mining company and two architectural monuments — the Pastukhov commercial building and the wing of the Polushkin estate.

In addition, the Moscow firm Stalox became the owner of the Bashkortostan exhibition complex for 53 million, and the Tavros agro-industrial group acquired 25% + 1 share of Bugulminsky Elevator (57.9 million).

The state managed to sell not only the company, but also other facilities, such as a recreation center in the Kaluga region for 46.9 million rubles, as well as the building of a former neuropsychiatric boarding school near Kurgan for 1 million rubles. In St. Petersburg and the Leningrad Region, it was possible to sell 985 million rubles worth of property at auction in six months. The main volume of lots is transactions on commercial premises (almost 674 million).

According to the three-year privatization plan (Izvestia has studied it), it provides for the sale of about 28 thousand objects of state treasury property. Of the business entities included in the forecast plan, five organizations were privatized in the first half of the year — Zelenodolsk Plant named after A.M. Gorky (Tatarstan), Sevkavgeochemistry (Stavropol Territory), Start, Sukhanovo and Special Construction Technologies (Moscow), the press service told Izvestia.the Accounting Chamber Service. In addition, the treasury received funds from the sale of tangible and intangible assets, in particular, from the disposal and sale of confiscated property.

Proceeds from privatization are usually invested with caution in order to reduce the risks of budget deficits in the event of a delay in these transactions, noted Vladimir Chernov, analyst at Freedom Finance Global. He added: as a result, the results often exceed the plans due to unexpected investor interest and favorable market conditions, such as rising asset prices or easing sanctions pressure. The government generally uses conservative forecasts to avoid overestimation and ensure the stability of the treasury, taking into account geopolitical risks and market volatility, the expert explained.

— The processes of privatization are finite in nature — these scenarios cannot be implemented again on an annual and permanent basis, such as the collection of taxes and duties. In this case, the forecast is based on the lower limit of the range. In addition, the price of assets that are transferred to private hands can fluctuate depending on market conditions and the course of trading," explained independent expert Andrey Barkhota.

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Which companies can be sold into private hands

A relatively small amount is included in the financial plan for privatization. At the same time, Finance Minister Anton Siluanov stressed that Russia needs "big privatization" and the agency is preparing proposals in this area. In addition, according to him, income from the sale of property is expected to amount to 100 billion rubles.

As noted in the press service of the Federal Property Management Agency, the amount of final receipts will depend on fluctuations in the market and the level of investment activity. And Deputy Finance Minister Alexei Moiseev reminded at the end of July that the main transactions are completed by the end of the year. For example, by the end of 2024, this article brought 132 billion to the budget. He clarified that this is not about "big privatization", but the sale of property seized by the decision of the prosecutor's office. That is, after the trials, the property of corrupt officials is sold at auction.

The "big privatization" involves not only the sale of corporate assets, but also the listing of large state corporations on the stock exchange. The Ministry of Finance has planned an IPO of two state—owned companies for this year, in addition to the already announced Dom placement.Russia" is preparing to enter the stock exchange another one. According to Alexey Moiseev, its name will be announced in the near future.

The experts interviewed by Izvestia named various organizations that could be subject to privatization. According to Yulia Kovalenko, associate professor of the Basic Department of Financial Control, Analysis and Audit of the Main Control Department of the City of Moscow, Deputy head of the Higher School of Finance of the Plekhanov Russian University of Economics, we may be talking about Russian Railways and Russian Post. It is also possible that the shares of VEB will fall into private hands.Russia", the "daughters" of Rostec and Rostelecom, said Vladimir Chernov from Freedom Finance Global.

Whole—to-private: revenues from privatization have doubled the annual plan

What do the authorities manage to sell and will large state corporations give to the business?

Why does the state need property privatization?

According to the results of the first seven months of 2025, the volume of oil and gas revenues to the budget amounted to about 5.5 trillion rubles. For comparison, over the same period last year, the amount was almost 20% more. Due to the reduction in the share of oil and gas revenues of the treasury and the rapid decrease in the liquid part of the NWF, the Ministry of Finance is thinking about how to get additional revenues from privatization, said Olga Belenkaya, head of the Macroeconomic analysis Department at Finam. They, in turn, will be used to finance general budget expenditures.

According to the updated budget for 2025, the deficit is expected to reach 3.8 trillion rubles. However, by the end of seven months, the shortfall has already reached 4.9 trillion.

If we are talking about replenishing the treasury by several hundred billion rubles a year, then this is not such a lot of money to cover the deficit. In addition, the income from privatization is a one-time payment, Olga Belenkaya noted. And the Ministry of Finance can constantly receive dividends from state-owned assets (of course, if they bring profit, not losses).

However, 27.5 billion is less than 0.1% of all federal budget revenues (38.5 trillion). Nevertheless, the amount received from the sale of state property turned out to be more than the funds allocated for expenditures on the national projects "Personnel" (17.9 billion), "New Materials and Chemicals" (8.9 billion), "New technologies for saving health" (4.8 billion) or "Technological food security" (14.5 billion).

In addition, privatization attracts private investment and increases the efficiency of companies, Vladimir Chernov drew attention. He added: this money is also used to finance social programs and infrastructure projects, which is especially important in the context of sanctions and rising defense spending.