National Assembly of Belarus reads investment funds draft law

21 июня 2017

Following the second reading of the dart law in the National Assembly of Belarus, investment funds can be introduced in Belarus by mid-2018.

After the adoption of this document, a new type of securities will appear. It will make it possible to become an investor by entering into investment funds without any special knowledge of how the stock market works.

In addition, today Belarusian parliamentarians approved a report on the implementation of the republican budget in 2016. Deputies concluded that despite difficult external economic factors the republican budget was implemented in full.

Lyudmila Dobrynina, the Chairman of the Permanent Commission of the House of Representatives of the National Assembly of Belarus: "The main goal has been achieved, because the tasks that were set before the budget were fulfilled. The tasks were the preservation of the social vector of obligations, repayment of the public debt service and, of course, support to the national economy in terms of the interest rate compensation, and support for exporters in various sectors – agriculture, industry, and others."

The republican budget in 2016 has been implemented with a surplus of more than 1 billion BYN. The money was allocated to pay back the national debt.