Session to discuss new instruments of restructuring debts in Belarusian economy

It is unacceptable to constantly shift the problems of enterprises and banks to the state budget. This was stated today by Belarus President Alexander Lukashenko. According to him, measures should be taken to improve the financial situation both at specific enterprises and in the economy in general. The head of state noted that the level of accumulated credit debt in some organizations does not allow them to work effectively and develop. It was caused by the shortcomings of the past, the miscalculations in business planning and the high cost of money in the banking system. The government and the National Bank have proposed a new mechanism for dealing with bad debts today. The President mostly supported the concept of the decree.