Abstract
In recent years, the financial and economic recovery increasingly rests on the problems of development of the transport network and energy. The measures are taken in recent years, including the reform of monopolies, have not led to a significant increase in investment in these segments of the economy. To some extent, this is due to the lack of institutional criteria to ensure the openness of their work, as well as control over the effective expenditure of funds. In order to resolve these tasks, the Government of the Republic of Belarus will implement measures aimed at the subsequent implementation of institutional reforms and stimulating the pace of financial and economic recovery. We need urgent measures aimed at improving the institutional system, including the creation of accurate and clear ‘rules of the game’ for all subjects, ensuring an increase in the confidence of all subjects of financial, economic and political activity in the Belarusian society. The previously mentioned instruments of the mechanism of ensuring the socio-economic security of Belarus form a strong base for the continuation of sustainable development for the long term. In addition, in order to stimulate financial and economic growth, it is necessary to implement tax policy, which is obliged to promote the increase of competitiveness and the rise of business activity of economic entities, as well as to guarantee the reduction of the tax burden for business, including reduction of the value added tax rate in the medium term, simplification of procedures for calculation and payment of taxes and streamlining of tax audits and reporting.
Highlights
In order to resolve these tasks, the Government of the Republic of Belarus will implement measures aimed at the subsequent implementation of institutional reforms and stimulating the pace of financial and economic recovery
In order to ensure the innovative vector of economic development, it is necessary to implement the creation of ways to promote the protection of intellectual capital rights, the implementation of investment and innovative programs in the ultra-technological sectors of the economy
Lvov, who says that important vectors of reforms can be: –real care for people in order to modify the unfavorable type of social world formed in the minds of people, and their focus on creative work; –development and implementation of methods of social control over the government to fulfill its own obligations; –restoration of the ownership structure as a whole; –raising the minimum wage to a guaranteed subsistence level and generally creating a more equitable system of social guarantees; –creation of the state property system, with the possibility of formation of the Fund of future generations and the state dividend Fund; –to ensure a regular monetary circulation through strictly controlled the credit issue
Summary
In order to ensure the innovative vector of economic development, it is necessary to implement the creation of ways to promote the protection of intellectual capital rights, the implementation of investment and innovative programs in the ultra-technological sectors of the economy.
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