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Wednesday, 03 March 2010
Lukashenko cuts financial obligations of farms by Br1.6 tln in 2010
Belarusian President Alexander Lukashenko has reduced by his ordinance #92 financial obligations of agricultural enterprises to be discharged in 2010 by 1.6 trillion Belarusian rubles (Br) to 7.7 trillion rubles. Some farms will be allowed to pay in installments.
As of November 1, 2009, farms’ arrears of payments to the republican and local budgets [except for customs payments, transfers to the innovation fund, VAT and excise taxes], to the Social Security Fund and payments for consumer energy amounted to 19.6 trillion rubles.
Some farms will be granted a ten-year respite to pay economic penalties and fines. As a result, the financial burden on farms will be decreased to 61 billion rubles from 541 billion rubles, the press service of the president said.
The press service said the move would help farms repay bank and budget loans.
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Belarusian breweries export 20% more beer in 2011
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