Government Requires More Funds From Monopolies

Concorde Capital: Uncertainty over the re-privatization process and lack of clear privatization strategy means the government must rely on incomes from state-run monopolies to support its social program. The amended 2005 Budget envisages an increase in assignments from the current net income of state-run companies to the budget from 15% to 50%. The above-mentioned measures could negatively affect the companies? investment plans and undermine their mid-term growth sustainability.