By decision of the Cabinet of Ministers of Ukraine, acting as shareholder and governing authority, six joint-stock companies will transfer 50% of their annual dividends to the state budget in February. This was reported by the press service of the Ministry of Economy, according to the PromPolitInform portal.
“Six joint-stock companies must ensure an advance transfer to the state budget of at least 50% of annual dividends on the state-owned share of profits generated from their business activities in 2023 by February 29, 2024. The relevant order concerning companies managed by the Cabinet of Ministers was approved by the government on February 27,” the statement said.
The decision was driven by the need to replenish the state budget amid the full-scale war in order to finance government expenditures, Deputy Minister of Economy Oleksii Sobolev noted.
The decision applies to the following joint-stock companies: Naftogaz of Ukraine, Ukrainian Railways, Ukroboronprom, as well as Ukrhydroenergo, Ukrainian Energy Machines, Nizhniodnistrovska Hydropower Plant, and Ukrainian Defense Industry.
According to the Ministry of Finance, the measure will generate UAH 3 billion in state budget revenues in February.
