Miasnikovich: There Is Definitely No Money. Loans Are Meagre And High-Interest

• 30.05.2016, 8:24

The authorities want to increase money incomes of the Belarusian population by 9.5-11% by the end of the five-year plan.

This was stated by chairman of the “council of republic” of the “national assembly” Mikhail Miasnikovich in an interview to the program “The Main Air” on the Belarus 1 TV channel, BelTA informs.

“We stand for the country’s debt-free balance of payments, for a balanced development. We consider employment, exports and investments as priorities. Calculations suggest that GDP growth will be 110-115%, export – 120-125%, real disposable income of the population can increase within 9.5-11%, if labour efficiency increases by 11-15%,” – Mikhail Miasnikovich said.

According to him, the country needs investments to develop new branches of activities and new businesses. “The budget cannot afford them now. The existing enterprises do not give any profits. Loans are meagre and high-interest. According to calculations of the government, deficit of working capital is estimated at $ 8.4 billion. It means that there is lack of these funds, too,” – Mikhail Miasnikovich said.

At the same time the chairman of the “council of republic” stressed that the investment will come into the country under condition of developing private initiative and creating new enterprises mainly in the industrial sector.