Funds must be transferred by February 29, 2024.
By a decision of February 27, the Cabinet of Ministers obliged six joint-stock companies to ensure advance transfer of at least 50% of annual dividends to the state budget, the press service of the Ministry of Economy reported.
We are talking about the state share of dividends from business results in 2023. Funds must be transferred by February 29, 2024.
The decision concerns such companies where the Cabinet of Ministers is the governing body: JSC NAC Naftogaz of Ukraine, JSC Ukrzaliznytsia, JSC Ukroboronprom, as well as PJSC Ukrhydroenergo, JSC Ukrainian Energy Machines, PJSC Nyzhnednistrovskaya HPP.
According to the Ministry of Finance, this will ensure revenues to the state budget of UAH 3 billion in February.
“The government, as a shareholder, decided to send part of the dividends of companies for which it is the governing body to the state budget. This is due to the need to replenish the state budget in conditions of a full-scale war to finance state expenses,” noted Deputy Minister of Economy Alexey Sobolev.
Budget of Ukraine
On February 27, the European Parliament voted to create a fund of 50 billion euros to support Ukraine during 2024-2027. According to the President of the European Commission, Ursula von der Leyen, in March Ukraine will receive the first tranche from the EU in the amount of 4.5 billion euros.
As of December 31, 2023, government and government-guaranteed debt amounted to UAH 5.519 trillion, or US$145.32 billion. During December 2023, the amount of public debt increased in hryvnia equivalent by UAH 396.81 billion, and in dollar equivalent by $4.49 billion.
