[From gratuitous budgetary support of the enterprises of the agroindustrial complex to subsidizing on a returnable basis]
2007
Kazakevich, I.A. | Vasyuk, A.V., National Academy of Sciences. Institute of Economics, Minsk (Belarus). Centre of Agricultural Economics
The efficiency of agriculture of the Republic of Belarus strongly depends on the state regulation which should be combined in rational proportions with market methods and mechanisms. The financial analysis of agricultural organizations in Belarus is carried out. The level of the state support of agricultural producers is studied. Ways of decreasing of the taxation level are offered, and the transition to budgetary subsidizing on а returnable basis is proved. Proceeding from prediction parameters of the Program of Revival and Development of Village for 2005 - 2010, the prospective volume of made production in natural value has been defined. Having taken actually developed prices for 01.10.2007 and having assumed their increase at a level 6 - 7% a year, volume of realization of production in monetary unit has been received. In calculations on granting budgetary loans the following conditions were observed: to give loans for the 5 year period with repayment by equal shares, since a year following after year of reception of the loan; to make delivery of budgetary loans without charge of percent for using. As a result the sum of means which will be delivered at the enterprises due to reduction of tax loading is calculated. One half of these means it is prospective to direct on repayment of current debts, and the other one - on formation of funds of the enterprises (fund of accumulation, reserve fund and deductions on updating of own turnaround means). Besides annual paying of current debts in the sum nearby 2 trillion rbl. is stipulated. Calculation of the forecast of monetary streams conducted for prospect up to 2012 under the offered scheme of budgetary financing has shown, that by the end 2012 organizations of the Ministry of Agriculture and Foodstuffs can pay off financial obligations. Therefore since 2008 it is possible to spend irrevocable financing at a rate of 50% from the planned sum only under condition of decrease in tax loading, and also at achievement of production parameters by rural commodity producers incorporated in the program. The residuary part will be financed from the budget on a returnable basis
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