Industry and Trade Ministry has reduced the amount of subsidies for automakers to 15 billion rubles.
State support automakers from the budget 2020 will be reduced from 60 billion to 45 billion rubles. In this case, the amount of subsidies allocated in 2012 (3.9 billion rubles), almost three times lower than the level agreed by the Government in August this year (9.8 billion rubles). This is stated in the materials of Industry and Trade Ministry, aimed at the government (is in the possession of Izvestia). Analysts attributed the decline of state car industry, on the one hand, the desire of the Ministry of Finance to reduce costs and already strained budget, and on the other - the fact that automakers have successfully emerged from the crisis.
Ministry of Industry in late October, the White House sent the materials to the government session dedicated to the development of the industry in the WTO. The document provides information on the amount of subsidies to the Russian automakers to recover part of the cost (up to 90% of the refinancing rate of the Central Bank) to pay the interest on loans obtained for the implementation of investment projects, as well as anti-crisis loans obtained in 2009-2010. According to the document, in 2012 the amount of subsidy should amount to 3.9 billion rubles, in 2013 - 4.8 billion rubles, in 2014 - 5.6 billion from 2015 to 2020 for state auto industry is expected to send another 31 billion rubles. Total subsidies by 2020 is estimated at more than 45 billion rubles.
In this case, an order dated August 13, 2012 № 1459 On the granting of subsidies to Russian organizations automotive government approved proposed budget subsidies Minpromtorgom car industry in a much higher rate. It was assumed that in 2012 the subsidy will amount to 9.8 billion rubles, in 2013 - 7.6 billion rubles, in 2014 - 6.6 billion rubles, in 2015 - 5.6 billion rubles. Moreover, if the government planned to send the previously auto industry 29.6 billion rubles for 2012-2015, now this amount was reduced by half. Until 2020, it was planned to send for the state sector to 60 billion rubles. Changed the distribution of grants by year - earlier if the government planned to major budget expenditures for 2012-2013, it is now the maximum amount of subsidy proposed to be moved to 2014. A 31 billion rubles promised by automakers to 2020, it is generally assumed to look at the budget, the planning of which is beyond the current three-year period.
The main recipients of state subsidies in recent years and GAZ Group Sollers. AvtoVAZ, as well as joint venture Renault-Nissan practically feel the reduction of subsidies for interest payments on loans - in the crisis years of 2009-2010 the company received interest-free loans from the Russian Technologies, which then roll over.
- Subsidies agreed with the automakers, the reduction is in line with the real picture of the automobile industry. About five times a year, we actualize its investment. Ministry of Industry for these tough watches and directs the available funds for other purposes - explained the News representative of the corporation Russian Machines Elena Matveeva.
Analysts believe that the reduction in subsidies due to the successful exit from the crisis avtootrasli.
- Reduction of state due to the actualization of those applications that serve to subsidize the automakers percent. The funds can not be spent entirely if the payment of interest on loans is lower than the funds allocated for this purpose. Enough money on those investment programs that are, will be received in full, - the analyst, VTB Capital Vladimir Bespalov.
- It is unlikely that the automaker voluntarily give up subsidies. Due to the tight budget, the Finance Ministry is looking for the industry, which can reduce the subsidies. The costs of automobile industry, in their opinion, could be reduced and this is probably correct. The debt load from domestic manufacturers is still high, but the ratio of debt to income ratio enables companies to service these debts and invest in production. In this regard, government support is reduced, - says Sberbank Investment Research analyst Michael Ganelin.
- In the first nine months, there is a growth in sales. By year is expected to be sold about 2.8 million cars. This is almost identical to the pre-crisis level, and therefore the promotion of the industry is not yet required - an analyst at UBS Cyril Tachennikov.
The intention of the government to increase subsidies for the industry in future periods analysts attributed to a possible desire to support manufacturers of commercial vehicles.
- To a greater degree of support required manufacturers of commercial vehicles, which are, first, slowly recovering from the crisis, and second, competition from foreign manufacturers have a more rigid including that WTO accession - believes Michael Ganelin.
In this case, the analyst of Aton Michael Pak doubt that in terms of Russia#39;s accession to the WTO automakers should continue to rely on state support.
- We entered the WTO, and now have to compete with everyone on equal market conditions. This industry we have and so is maintained by limiting competition with b / y car after the introduction of the recycling collection - says the analyst.
In addition to reducing subsidies automakers Ministry of Industry and adjusted financing car loan program to individuals. The program itself, for partial subsidies to banks interest rates on car loans individuals, was completed last year. In this case, the payment will be made to banks in 2014. Industry and Trade Ministry has reduced the amount of payments to credit institutions with the previously planned 6.4 billion rubles to 6.1 billion rubles. This year car loan subsidies has been reduced from 3.3 billion to 3.2 billion in the next year - from 2.1 billion to 1.7 billion rubles. But in 2014 is expected to increase payments from 1 billion to 1.2 billion, analysts believe that the decline in state support in this area is due to the desire and ability of buyers to pay off car loans early. The ministry also seems to believe that the entry into the WTO and the introduction of the recycling collection, the Russians will have to buy a new domestic cars and without preferential credit conditions.
