Agriculture is likely to lose its priority status for budget financing

Category status:
September 26, 2016 10:47

According to the draft state budget for 2017, overall expenditure on agriculture will be reduced by 16% in 2017. More than half of the allocated funds will be used to pay interest on loans to agriculture, taking into account the pessimistic budget scenario and anticipated cost reductions in the economy. Agricultural enterprises are likely to accumulate losses and to undergo restructuring, those employed in agriculture are likely to reduce in number and most unprofitable enterprises are likely to be transferred to more successful farmers and agro-businesses. Some bad debts of agricultural enterprises will be restructured after their assets are transferred under the Asset Management Agency’s management. The state is likely to continue to reduce its support to agriculture due to the lack of budgetary funds.

Similar articles

Belarusian authorities step up pressure on opposition before street protests
October 02, 2017 12:20
Image: "Новы Час"

During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.