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10 February 1999 Wednesday  N26(9088)

The republican budget for 1999 is taken.

On Monday the final sitting of the Republican Soviet session took place. The senators decided the destiny of a law on budget—99. It was unanimously agreed that the budget should work for people wealth and republican economy.

Nikolay Korbut, the minister of finance, declared the governmental approach to forming and distributing of the state income. The budget spend and the budget income were stated as 448 and 414 trillion rubles. The budget deficit made 34 trillion rubles. The law stipulates lessening of tax pressure on enterprises.

There are some priorities in social sphere. For example, 50% of municipal service cost will be paid out of the budget, as well as 30% of electrotransport service. Over all 57,4% of state budget will be spent in a social sphere.

A lot of senators underlined that today’s budget is not real for 100%: it looks more like a finance plan. But the government needs it badly.

While discussing the budget, Sergei Ling and other government memberswere present.

By Vasiliy Romanovsky
Translated by Olga Dubeshko and Olga Detiuk
Please send your comments to our e-mail: olga_minsk@yahoo.com
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Printed in the newspaper issued in Minsk
"Vecherny Minsk" electronic variant editor
Nikolai Ilioushenko
vm@nsys.by
Technical assistance - Svetlana Velichko.
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- Alexander Lakhadanov.

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