On December 29, 2023, Aguas de Portugal paid an extraordinary dividend of 100 million euros to the state. Capital income established by former Finance Minister Fernando Medina. management of the state-owned company, helped reduce the state deficit and public debt, the newspaper reported on Wednesday Echo.
Aguas de Portugal’s executive president, José Furtado, opposed the operation and admitted that he was resigning from his mandate, but former Prime Minister António Costa and Fernando Medina pledged to ensure that Aguas de Portugal’s capital was increased if necessary.
This promise is one of the items on the agenda for the company’s general meeting this Wednesday. According to the newspaper PublicThe PSD and CDS-PP government instructed the Parpublique, which manages state assets, to make the capital increase from 435.5 million euros to 534.5 million euros impossible. The executive branch, headed by Luis Montenegro, demands to know in advance the activity plan of Aguas de Portugal for 2024.
The dividend payment added to the budget surplus achieved in 2023, but a possible capital increase would force state-owned companies Parpública and Caixa Geral de Depósitos to finance the operation, potentially increasing public debt.
Former minister Fernando Medina declined to comment on the specific case of Aguas de Portugal. “Companies with excess capital made extraordinary payments to the government, and companies with negative liquidity or high debt received significant capital increases,” he explained to the newspaper in general terms. Echo.
Author: morning Post
Source: CM Jornal
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