President signs decree on measures to improve efficiency of Belarus' social and economic complex

Measures to enhance the efficiency of Belarus" economy and systematic steps to achieve this goal are outlined in a decree signed by the President yesterday. The document provides for high-quality management of state-owned enterprises, production costs reduction, fair competition and efficient import substitution, as well as accelerated development of small and medium-sized businesses and progressive decline in interest rates on loans in the economy.The disadvantaged and families with children will be supported through forming reserves in the budget up to 8 trillion rubles. In addition, it is planned to strengthen targeted social support mechanisms, in particular, to implement non-cash housing subsidies for partial payments for utility services starting October.