The Share And Role Of The State Property In Russian Economy

Abstract

The article shares the findings about the share and role of the state property in Russian economy. The work is new and relevant because it is necessary to find an optimal share of the state property to provide a stable and fast economy growth in the country. The authors analyse the conditions and volume of the state sector in the economy of developed countries and their impact to GDP growth. The authors conclude that the part of the state property in the Russian economy grows. It includes state enterprises, the companies where the government and the public administration take part (the structures with functions of public administration). Ultimately, the growth of state property slows the GDP growth. The authors of the article state that in the whole world and in Russia the enterprises formed on state ownership should be oriented, first of all, to social and economic needs even though it decreases the profits. The system of the state property management is at the formation stage in Russia, that is why it is necessary to organize a systematic way to its optimal share. Nowadays there are elements of a new organizational and economical mechanism of state property management and state real estate which are in force, other elements are defined in legislative and normative acts and others are going to be introduced in the nearest future.