Belarus to Allocate Br 3.082 trln in Investment Projects
OREANDA-NEWS. January 11, 2009. In 2009, more than 80 crucial investment projects will be implemented in Belarus. About Br3.082 trillion of capital investment, including Br1.174 trillion of foreign investment, is to be allocated for this purpose. Relevant Decree No 2068 was adopted by the Council of Ministers, reported the Official website www.government.by.
The decree is aimed at fulfilling the objectives regarding the use of capital investment adopted by Decree No 459 of August 29, 2008. The capital investment growth is to be 23-25% to the level of 2008. In line with Decree No 2068, the total of capital investment from all the sources should reach Br 49.47 trillion.
The annual capital investment growth for ministries, concerns, committees, oblast executive committees and the Minsk City Council, administrations of free economic zones has been defined. The Decree also specifies the volume of banking loans in the productive sector of economy in 2009 to carry out investment activity.
The capital investment efficiency indices have been defined, too. On January 1, 2010, the level of depreciation of the active part of fixed assets should be 60.2%, the expenditures connected with the purchase of new equipment should account for 47.5% of the total investment.
The personal responsibility for the implementation of the investment objectives has been vested on heads of state bodies and organizations, heads of administrations of free economic zones.
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