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Monday, September 16, 2024

The Finance Minister's wish has come true. State-owned companies will contribute more to the budget

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“Dividends are payments to budget resulting from the State Treasury's possession of shares and stocks in banks, insurance institutions and other companies” – we read on government pages. In great simplification, it is the transfer of a part of the profit to all co-owners, who de facto contribute to the functioning of a given institution. The Commercial Companies Code states that companies of the State Treasury must also do this.

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Huge dividend money in the state budget

However, not all of the profit goes to the state budget. According to the current regulations, the budget receives 70% of dividends from the State Treasury's shares in companies. The remaining 30% goes to the Capital Investment Fund, which largely focuses on trading in shares.

The state budget for 2025 was adopted this week by the Council of Ministers. It states that next year's revenues are to amount to PLN 632.6 billion. They include, among others, dividend payments to state-owned companies. The state is to receive PLN 3.49 billion from this. This is as much as 14 percent more than this year, as dividend revenues are planned at PLN 437 million – learned Business Insider.

Record budget. Finance minister seeks money

This is consistent with the minister's announcements last year. finance Andrew Domański. It is true that it did not guarantee greater profits, but in an interview with Polsat News in November, between the lines, he revealed that he hoped so.

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– We see the potential for state-owned companies to pay more in dividends – he said then. He cited dividends as one of the sources of financing new state programs. Given that the budget for next year is extremely generous (expenditures of PLN 921.6 billion!), this money will definitely come in handy.



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