SOEs Behind on Dividend Payments, Fines and Taxes Owed to State
State-owned enterprises (SOEs) paid only MVR 246 million in dividends to the state, 30% of the MVR 775 million budgeted for 2024. In 2023, the state received MVR 710 million, 35% less than budgeted. SOEs owe MVR 880 million in fines and taxes. Only 50% of over 30 SOEs are profitable. The Ministry of Finance released the data. SOE budget allocations for 2024 are in the billions.
State-owned enterprises (SOEs) paid only MVR 246 million in dividends to the state, 30% of the MVR 775 million budgeted for 2024. In 2023, the state received MVR 710 million, 35% less than budgeted. SOEs owe MVR 880 million in fines and taxes. Only 50% of over 30 SOEs are profitable. The Ministry of Finance released the data. SOE budget allocations for 2024 are in the billions.
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State-owned enterprises (SOEs) paid only MVR 246 million in dividends to the state, 30% of the MVR 775 million budgeted for 2024. In 2023, the state received MVR 710 million, 35% less than budgeted. SOEs owe MVR 880 million in fines and taxes. Only 50% of over 30 SOEs are profitable. The Ministry of Finance released the data. SOE budget allocations for 2024 are in the billions.
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Focus: SOEs Behind on Dividend Payments, Fines and Taxes Owed to State
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