According to the new decree, from 2022 to 2030, state enterprises are exempt from the obligation to transfer 50% of their net profit to the republican budget.
From 2026 to 2030, these funds may be used for the development of production capacities and modernization of infrastructure.
Changes have also been made to the existing rules for managing state enterprises. In particular, the requirements for management have been clarified, and the deadlines for reporting have been adjusted. The list of organizations to which the new norms apply has been expanded.
The State Agency for Management of State Property, together with the Ministry of Finance, must make the necessary changes to their profit transfer plans. When preparing amendments to the law on the republican budget for 2025–2027, the new distribution of income from state enterprises will be taken into account.
It is important to note that all state enterprises are required to submit quarterly reports on the expenditure of their profits to the relevant authorities.
The decree will come into effect in 10 days.
