24-06-2024
Ministry of Transport and Communications' corporate return to state budget for 2023 reaches €261m
Companies and institutions managed by the Ministry of Transport and Communications of the Republic of Lithuania have contributed a considerable amount of taxes and dividends to the state budget: as much as €261 million last year. This year, more than €47 million in dividends alone have been paid for 2023, which is 3.3 times more than in 2022.
"The major companies regulated by the Ministry of Transport finished the year in profit, and the successful year resulted in a significant increase in their contribution to the state budget. This shows that they remain resilient to external factors, are able to embrace change and adapt effectively in response, as well as generate economic returns for the state," says Minister of Transport and Communications Marius Skuodis.
The Klaipėda State Seaport Authority paid out the largest number of dividends to the state for the previous year – as much as €19.6 million. This is 2.5 times more than for 2022 (€7.7 million). In second place is railway company AB Lietuvos geležinkeliai, which paid €13 million to the budget, compared to no dividends last year.
In third place is airports operator AB Lietuvos oro uostai (LTOU), which added €5.1 million to the state budget, 1.7 times more than in 2022, when almost €3 million in dividends were paid.
Next in line is postal service AB Lietuvos paštas, whose profitable year allowed it to pay EUR 3.1 million in dividends to the state budget for 2023 (2022 was a loss year for the postal company).
Dividends of AB Oro navigacija increased by 1.3 times to EUR 2.3 million, dividends of AB Lietuvos radijo ir televizijos centro went up by 1.9 times to EUR 1.7 million, dividends of AB Viamatika were up by 5 times to EUR 1.5 million, dividends of AB Smiltynės perkėla went up by 2.5 times to EUR 1.5 million, and AB Detonas transferred EUR 0.4 million in dividends to the state budget, the same amount as for 2022. AB Vidaus vandens kelių direkcija, AB Kelių priežiūra and AB Via Lietuva did not pay any dividends this year.
All state-owned companies and institutions of the Ministry of Transport and Communications paid almost €201 million in taxes to the budget last year: 12 joint-stock companies contributed €198.8 million in taxes to the budget in 2023, while three public institutions contributed €2.1 million. The largest share of taxes paid was accounted for by the social security and personal income tax (EUR 136 million), as well as value-added tax (€44.6 million), dividend tax for 2022 (€14.2 million), corporate profit tax (€2,9 million) and other taxes – pollution and real estate (€3.1 million).
In addition, AB Via Lietuva (formerly the Lithuanian Road Administration) collected around €60 million in road user charges for the use of national roads by commercial goods vehicle operators.