The Government's partial asset sales programme will leave its operating balance $108 million a year worse off compared with the $49 million a year impact previously estimated.
Treasury provided an update on the fiscal impact of the ``mixed ownership model" in this morning's Half Year Economic and Fiscal update.
Treasury estimated the Government will lose out on $327 million a year in profits from Mighty River Power, Meridian Energy, Air NZ and Genesis Energy as a result of reducing its ownership to 51 per cent in each company.
The foregone profits include $321 million a year in lost dividends which will now go to investors who bought shares in the companies.
The total foregone profits are lower than the $340 million it previously expected to lose out on in the first full year following completion of the programme.