MOSCOW. April 8 (Interfax) - The size of the public sector in the Russian economy now considerably exceeds the amount of property required for the state to secure efficient performance, chairman of the State Duma Property Commission Viktor Pleskachevsky said at parliamentary hearings on the main areas of increasing the efficiency of state property in Russia at the State Duma on Tuesday.

Russian President Vladimir Putin has outlined the strategic state policy in the area of reforming the system of managing state property: the federal and municipal governments should manage only the property which they need to fulfill their public duties, Pleskachevsky said.

The analysis of the current situation surrounding the amount of the federal and municipal property indicates that the state is the largest owner, the MP said.

"According to the World Bank, over 75% of property subject to the civil law is in the federal and municipal property. At the same time, the state should control no more than 20% - 25% of property in the country in order to secure efficient work of the economy," the MP said.