banner1 banner1 banner1

5.12.2013

Stanislau Bahdankevich: Government cannot plan budget 22

8:36, — Economics
10336 views

Stanislau Bahdankevich: Government cannot plan budget

Expenses are growing, making it difficult to calculate taxes.

A delay in approving the state budget for 2014 shows problems in the country's economy, former chief of the National Bank Stanislau Bahdankevich told BelaPAN news agency.

Under article 96 of the Budget Code, the law on the republican budget for the next financial year is adopted not later than December 1 of the year preceding the next financial year. The house of representatives hasn't yet begun to discuss the main financial document of the country. In 2012, the budget was approved in October. In 2011, after the threefold devaluation of the ruble, the budget was approved in the middle of December.

The government probably cannot calculate the revenues and the expenditures of the budget, Bahdankevich says. Plants stop working or work short weeks, losses are growing, so it's difficult to calculate taxes.

The expert doesn't think the delay in approving the budget is a disaster. It's bad, but it's not a life-or-death situation. It should be approved by January 1, he noted. The responsibility for the situation lies with the Ministry of Finance, according to Bahdankevich. In general, it is the joint responsibility of the government. But it heard resignation threats so many times that it doesn't fear anything, the former National Bank chief thinks.

Write your comment (22)


Export

          






Belarusian Weather Forecast

   25.04   26.04 
Brest  +19
+9
 +18
+9
Vitebsk +15
+1
+16
+2
Homel +16
+3
+19
+6
Hrodna +18
+6
 +18
+8
Minsk +16
+2
+18
+3
Mahilou +16
+1
+18
+3

Exchange Rates of the National Bank

24.04.1425.04.14
EUR13770,0013790,00
USD9970,009970,00
RUB279,50279,50



Yesterday's statistics:

unique visitors 390554
pageviews 2386313

Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Old site version

Subscribe in English

Enter your email address: