Last week the Finance Minister of Russia Alexei Kudrin said that Russia does not consider the allocation of a USD 1 billion loan from its budget and that Belarus could rely on the funds of the EEC Anti-Crisis Fund only ($ 1 billion in 2011-2013).
The Belarusian delegation departed for Moscow on 13 May to start technical arrangements for a loan agreement with the Eurasian Economic Community Crisis Fund for USD 1 billion.
What is behind this statement? On the one hand, it could be informational setting for Belarus on the eve of the visit of V. Putin. He can make a diametrically opposite statement and announce the speedy issue of the loan under certain conditions. In his statement Kudrin on behalf of Russia, for the first time voiced direct reference to the possibility and necessity of raising funds from privatization. There was no privatization in the country yet, because, again, the officials are simply afraid to go to the President with the price-offers made by investors.
Regardless of the fact that there are fewer objects atrracting Russian investors with every passing year, there are strategic assets that will always be of interest to Russians (Energy, Engineering, potassium, some infrastructure companies). It is possible that Russia named the price for a few facilities of their interest - $ 2 billion.
On the other hand, it could be a balanced strategic decision, which means that Russia is not going to throw money down the drain because of the lack of political will or crisis management skills of the current government. That is, Russia is consciously shifting from politics to economy and is not willing to pay for politics any longer (Belarus has already signed all the necessary documents). A possible demarche and withdrawal of Belarus from the integration projects with Russia, threatens Belarus with greater troubles.
At the same time, even small loans like this one are vital for the country. But, there are no grounds to believe that the country will get this money before the end of May, as the Belarusian government hopes, given the conditions for granting the credit were not agreed upon. The Russian-Belarus relations will be clarified next week, during Vladimir Putin’s visit to Minsk.
The Labour and the Tax Ministries are considering the possibility to include persons engaged in some economic activity without forming a legal entity in the social security system. When the decree No 337 comes into effect, the number of private entrepreneurs is likely to reduce due to the possibility of reducing the tax burden when switching to a tax payment as an individual. 95% of self-employed, including PE, pay insurance premiums on the basis of the minimum wage. The number of self-employed citizens is expected to increase, the number of insurance contributions to the pension system from PE will decrease, the number of citizens who will pay a fee to finance government spending will decrease by several tens. Self-employed citizens have the alternative not to pay social security fees and save resources for future pensions, which, given the gradual restriction by the state of pension requirements could be a more long-sighted option.