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State income from dividends to exceed projections

The government’s income from dividends will be more than Sk1.33 billion higher than projected for this year, a Finance Ministry report on the macroeconomic environment and development of Slovakia's general government budget in H1 2007 stated on July 31.

"This unexpected turn for the better is caused chiefly by increased revenues from dividends in companies owned by the National Property Fund (FNM)," the report reads.

Dividends from shares owned by the FNM were budgeted at Sk13.9 billion this year, but should actually reach Sk16.6 billion according to an updated estimate. This higher-than-projected government income can largely be ascribed to dividends from the gas utility Slovenský Plynarenský Priemysel, which rose by about Sk2.2 billion.

Compiled by Zuzana Vilikovská from press reports
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