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31 Jul 2014

State program financing in Belarus to be geared to banks’ lending potential

MINSK, 31 July (BelTA) – The state program financing plan in Belarus will be geared to the lending potential of the national banking system, Prime Minister Mikhail Myasnikovich stated on 30 July as he heard out the reports of governors, ministers and heads of concerns on the expected results of the Belarusian economic performance in January-July, BelTA has learnt.

The work on the plan for 2014 has been almost completed. Soon the Council of Ministers will adopt a resolution to optimize state programs and events in the country. The effort will allow saving up to Br4.7 trillion. “Plans and projects, especially those supported by the state, will be financed only after a thorough expertise,” Mikhail Myasnikovich said stressing that all investment projects should have full design and budget documentation before their implementation is launched.

“There should be a corresponding expertise, an approval of projects, financing resources. If there is nothing of the abovementioned, such projects do not get into the program. And those responsible for the projects will be asked for the reasons of their failure,” the PM said.

As for the planned facilities with a high level of readiness, the government in cooperation with commercial banks has found resources to complete them.


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