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Highly profitable enterprises will contribute to National Development Fund

August 21, 2017 11:27

Based on performance in Q1 2017, eight highly profitable Belarusian enterprises will allocate BYN 6.3 million to the National Development Fund. The Fund was created in 2005. Annually, a number of high-profit state enterprises and enterprises with the state’s share in the shareholder equity contribute to the Fund, in addition to taxes. As of April 1st 2017, there were more than 220 enterprises in Belarus with a profitability of sales exceeding 30%. Due to the economic recovery, the list of contributors to the Fund is likely to expand and by the year-end, payments to the Fund should increase. The bulk of the funds would come from military-industrial enterprises, pipeline transport and the chemical industry. In 2017, the Fund aims to receive some BYN 120.2 million from well-performed enterprises based on their results in January-December 2017.

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