On May 5, President of Belarus Alexander Lukashenko signed Decree No. 177 "On State Financial Support," as reported to BELTA by the press service of the Belarusian leader.
In accordance with the document, the types of such support provided on an individual basis include budget transfers to reimburse part of the costs for investment projects, contributions to the authorized funds of legal entities made from the republican and (or) local budgets, as well as budget loans and other types of state support provided from budget funds.
The decree establishes that when submitting proposals for state support, an economic justification of its expediency and a conclusion on the competitiveness of the manufactured products must be present. Furthermore, decisions on state support must include the responsibility of officials and the performance indicators of organizations that are conditions for its provision. A ban on subsequent adjustment of such indicators has been introduced.