Information Unit (part of the investment holding company Finam) held a conference, More States, less than the economy. Its members believe that an excessive increase in the state have a negative impact on the economy. The authorities should pursue a balanced policy, not consolidate the assets of affiliated entities.

State participation in some sectors is justified only when there are objective reasons to believe that this sector is the so-called market failures. But in this case, the best part of the State should not necessarily be expressed in state property, but rather measures of economic policy is necessary to regulate the relevant sector of the economy. In the case of Russia's economy - certainly the state should not own businesses in the industry. That the State justifies its participation in various industrial enterprises with some social causes - this is an extremely unprofessional manner of power. If the state is one or another social problem (the fight against unemployment, the problem of mono, etc.), then it must be addressed by measures of social policy, rather than industrial, - sure economist CEFIR Natalya Volchkova.

It complements an analyst with Sovlink Olga Belenkaya: Of course, transparency and equal access to the mechanisms of state support for economic agents is a key indicator of the quality of state involvement in the economy. In some cases, it is quite possible, and direct state participation in equity companies but it makes sense either for the maintenance necessary for economic sectors that are not interested in private capital because of low profitability, or in the presence of a clear strategy for restructuring the business, after which the state should withdraw from the capital.

One of the areas where the dominance of the state it would be helpful, Ms. Volchkova considers infrastructure: These are projects that, if they pay for the implementation of the private sector, the volume of their implementation will be less than it should be the overall economy . That is why the infrastructure belongs to the so-called public goods. But even in this case, the State will make them less effective, but the loss of efficiency would be justified by an increase in projects. The reasons for failure - the lack of incentives, which is a private business. If private enterprise tends increase profits, and, accordingly, is interested in reducing costs and time of the project, the government projects that interest there.

experts do not consider an effective transition to the scenario of a Soviet-style planned economy. The planned economy is more stable than the market, but also more inert. Planning a large volume of production, financial processes, in terms of medium term limits the application of measures that could be in a particular case, to improve the quality of economic processes. On the other hand, long-term planning system of farming to avoid the market shocks such as occurred in 2008 - 2009 gg. , - told the chief economist UK Finam Management Alexander Osin.

The conference also heavily criticized the practice of creating public corporations. Corporation - is approved at the state level program cutting budget, - said Ms. Volchkova. She also appreciated the quality of management of such organizations: The problem is not that managers of state corporations earn less than the top managers of private entities, and that they receive too much compared with what they could receive if it worked in the private sector. And another thing - I do not exclude that part of the revenue heads of state corporations do not pay them money, but appears in other ways - such as real estate for other than market prices, giving, etc.

Department of Public Relations and Media Investment Holding Finam.
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