MOSCOW: Russia's Finance Ministry expects the proceeds from state-owned companies' dividends to be 190 billion roubles ($3 billion) in 2016 and 250 billion roubles in 2017, a ministry official told the official Rossiyskaya Gazeta on Monday.
Deputy Finance Minister Alexei Moiseev told the newspaper this year's proceeds would exceed the initial target by 50 billion roubles.
The government, desperate to tackle the budget deficit, had ordered a 50 percent payout threshold for state companies based on whichever of two accounting standards gave a higher amount of profit, although the order allowed for exceptions.
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