Valery Borodenya. An archive photo
MINSK, 24 February (BelTA) – More attention should be paid to encouraging private business initiatives in Belarus. The opinion was voiced by Valery Borodenya, Candidate of Economics, member of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus, as he commented on the Belarus president's decree No. 78 on measures to improve the effectiveness of the social and economic complex of the Republic of Belarus, BelTA has learned.
The MP called the decree the Belarus president had signed the day before timely and sufficiently specific. Valery Borodenya said the decree does not target small things. “It stipulates the directions we are going to move along as well as ways to overcome economic problems. The decree stipulates personal responsibility and divides responsibility of various government officials and agencies — the prime minister, the head of the central bank, the oblast governors. It specifies how we are going to find money if the state budget does not add up. It also specifies areas where we should try to save money this year,” noted the MP.
The document also specifies measures to support the private sector. “More attention should be paid to entrepreneurship, the emancipation and encouragement of private business initiatives,” Valery Borodenya was convinced.
The decree specifies that the man, support for families, children and the elderly will be the key priorities of Belarus' social and economic policy. However, the growing negative phenomena in the global economy, the reduced demand on traditional export markets, a sharp decrease in prices for oil and raw materials, geopolitical instability have resulted in worse foreign trade conditions. This is why the document contains instructions on measures to improve the performance of the national economy.
For instance, the central government in association with municipal government agencies is expected to increase the number of jobs every year by 50,000 by creating new enterprises and manufacturing projects. Instructions have been given to reduce the overdue external accounts receivable by at least $100 million. Investment efforts will be stepped up. Broad and simpler access to Chinese loans, which are allocated for implementing investment projects, will be ensured in addition to other things.
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