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July 13 – July 19, 2015

Budget cuts await Belarusian construction sector in 2015

The situation has not changed
Budget cuts await Belarusian construction sector in 2015

The Council of Ministers has decided to cut funding for the state construction programme for 2015 – from 5.4 million sq. meters to 4.2 million sq. meters. Except for large families, other citizens eligible for state housing, including those working for security forces will be affected by the decision. As a result, the entire construction industry is expected to shrink compared with 2014. Saved budgetary funds – some BYR 2 trillion – may be spent on salaries of workers at loss-making enterprises of mechanical engineering.

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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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