The Cabinet of Ministers wants to withdraw profits from companies with state shares by the quarterly results

MP Dastan Bekeshev spoke about the initiative of the Cabinet of Ministers, according to which it is proposed to withdraw profits from joint stock companies with state shares not only at the end of the year but also at the end of quarters, six and nine months. 

In private joint-stock companies, profits are usually distributed only at the end of the year, and state-owned enterprises may face unforeseen expenses when part of their profits have already been withdrawn.

An example of such a situation is Manas Airport, which had planned a budget for the year but faced an incident in the fifth month that required urgent financial investment.

In the profit absence, an enterprise may need additional funding from the republican budget. Similar risks may arise for other state-owned enterprises such as Megacom, which urgently need to buy equipment.