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SOEs Behind on Dividend Payments, Fines and Taxes Owed to State

Ministry of Finance data shows state-owned enterprises have paid only MVR 246 million of the dividends owed to the state, about 30 percent of the MVR 775 million estimated in the 2024 budget, while the state is also owed MVR 880 million in unpaid fines and taxes from SOEs. More than 30 SOEs are state-operated, of which only 50 percent are profitable.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures8as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

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Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

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  • MVR 246 million SOE dividends paid to the state Maldives Republic State-owned enterprises (SOEs) have paid out only MVR 246 million in dividends owed to the state from their profits last year, data by the Ministry of Finance has revealed.

    Word for word from the report in Maldives Republic. Open the report

  • 30 percent Share of 2024 budgeted dividends received Maldives Republic The state has received only 30 percent, of an estimated total of MVR 775 million, of the dividends earmarked within the 2024 budget.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 775 million Estimated total dividends earmarked in 2024 budget Maldives Republic The state has received only 30 percent, of an estimated total of MVR 775 million, of the dividends earmarked within the 2024 budget.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 710 million Dividends received from SOEs by end of 2023 Maldives Republic While SOEs had not made full dividend payments to the state by the end of 2023, the state had received MVR 710 million from the companies; 35 percent less than the budgeted estimate.

    Word for word from the report in Maldives Republic. Open the report

  • 35 percent Shortfall against budgeted dividend estimate Maldives Republic While SOEs had not made full dividend payments to the state by the end of 2023, the state had received MVR 710 million from the companies; 35 percent less than the budgeted estimate.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 880 million Fines and taxes from SOEs not received by the state Maldives Republic As of last year, the state has not received MVR 880 million in fines and taxes from SOEs.

    Word for word from the report in Maldives Republic. Open the report

  • more than 30 Number of state-operated SOEs Maldives Republic The state operates more than 30 SOEs out of which only 50 percent are profitable.

    Word for word from the report in Maldives Republic. Open the report

  • 50 percent Share of SOEs that are profitable Maldives Republic The state operates more than 30 SOEs out of which only 50 percent are profitable.

    Word for word from the report in Maldives Republic. Open the report

Subjects

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Public finance & tax

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Ministry of Finance