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State to receive €141m more from dividends than expected

Income from dividends from companies partly or wholly owned by the state should be €141 million higher than projected by the 2011 budget drawn up last year.

Income from dividends from companies partly or wholly owned by the state should be €141 million higher than projected by the 2011 budget drawn up last year.

Dividend income should reach a total of €439 million, the TASR newswire wrote. Most of the amount, €374 million, will become state budget incomes, while the rest will remain in state financial assets, the government decided on Wednesday, August 10. The Finance Ministry has proposed bolstering state financial assets designated to cover extraordinary expenses. The volume of such assets has fallen over the past three years, most notably in 2009. Compared to the 2008 level, they have dropped by almost €1.7 billion to only €184 million.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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