ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
Council of Ministers Decree No. 321 of 20 April 2016 approved the volumes of funding from the 2016 state budget for the state program for development of the agricultural business.
The total amount of the state funds is BYR 8 939.7billion (ca. 455 million USD). The predominant part of the state funds, BYR 6 400.2billion (ca. 325 million USD), are to be used for compensating of commercial banks and the Development Bank of Belarus for the issuance of preferential loans for agricultural enterprises.
A break-down of the state funds in 2016 for participating state sub-programmes that form part of the state program for development of the agricultural business is as follows:
This decision shall enter into force after its official publication on 23 April 2016 and it shall apply to relations arising from 1 January 2016.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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