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MINSK, 20 December (BelTA) – Cross-subsidies in the Belarusian economy are to be dealt with after 1 April 2014, Deputy Prime Minister of Belarus Piotr Prokopovich said at a joint session of the Council of the Republic and the House of Representatives of the National Assembly on 20 December, BelTA has learnt.
“It is critically important to eliminate cross-subsidies,” the Vice Premier said. The matter was to be addressed after 1 January 2014; however, the move was postponed. According to Piotr Prokopovich, the matter will be addressed after 1 January 2014. The necessary resources will be raised by placing long-term government bonds on the external and domestic markets.
Piotr Prokopovich informed that in 2013 domestic companies paid about Br13 trillion for electric energy, gas and heat consumed by households. Due to this, the cost of these resources for domestic companies rose by 18-19%. In some most energy-intensive industries (production of cement, glass, chemical fibers, etc) the prime cost of products increased by 15-20%.
The Vice Premier noted that a tax burden on economic operators is to be reduced, too. “The tax burden on Belarusian companies is 10% higher than in Russia and 30% higher than in Kazakhstan. It is important that we decided this year not to increase the tax burden on companies. I think we should stick to this policy in 2015. In the next five-year period we will consider lower taxes if the situation in the economy changes for the better,” he said.
