Russia's Taimyr Peninsula sees most wide-ranging military drill in its historyMilitary & Defense August 21, 17:12
State of emergency declared in Russia’s Rostov-on-Don due to fireWorld August 21, 16:48
Russian planes in Syria fly 316 sorties over five daysMilitary & Defense August 21, 15:55
Ka-226 helicopter to be first equipped with new crash-resistant fuel system by 2019Military & Defense August 21, 15:54
Putin appoints Anatoly Antonov Russia’s ambassador to USRussian Politics & Diplomacy August 21, 15:11
Russian senator blasts US visa suspension decision as 'dirty trick'Russian Politics & Diplomacy August 21, 15:09
Death toll in terrorist attacks in Catalonia grows to 15World August 21, 14:36
Expert says Russia halted global warming for one yearScience & Space August 21, 14:01
Moscow slams suspension of US visa procedures throughout RussiaRussian Politics & Diplomacy August 21, 13:58
MOSCOW, December 28. /TASS/. Russia’s GDP growth in 2017 may be twice as high as officially projected 0.6%, Finance Minister Anton Siluanov said on Wednesday in an interview with Rossiya 24 TV Channel.
"Growth rates of the Russian economy are not lower than world’s indicators. GDP growth rate in our forecast is 0.6% in 2017. We believe this figure may be almost twice as high ― about 1-1.2%, fairly feasible rates of economic growth," Siluanov said.
Russia’s GDP dynamics will be positive in the fourth quarter of 2016, GDP contraction will total 0.5-0.7% for whole 2016, according to the documents released by the Central Bank this Tuesday.
The Russian Finance Ministry expects real household earnings to grow 1.5% in 2017, Siluanov noted. "According to our estimates, about 1.5% in real terms," he said.
The Ministry of Economic Development expects real disposal earnings of the population will grow 0.2% in 2017, according to its base case outlook.
The government should hold control and the final say in strategic companies after privatization, the finance minister continued
"We are interested in expansion of privatization deals… We will revert to issues of consistent privatization and reduction of the government stake but, I reiterate, to possible levels for the government to have control and the final say in strategic companies nevertheless," the minister said.
The government is considering additional assets to be privatized in 2017, Siluanov said on December 27. The Finance Ministry is seeking to fast-track privatization but the government has not yet finalized the privatization plan and the total amount of revenues to be raised.
According to Siluanov, the plan is to privatize stakes in VTB bank and Sovcomflot shipping company in 2017 to raise 138 bln rubles ($2.3 bln). The minister also denied plans to sell another 10% of Rosneft shares next year.