There should be no external borrowing at high interest. This was stated by the Belarusian President Alexander Lukashenko at a meeting on development of the Belarusian economy. "One should live within one's means. No money printing, no debt, that's enough," the Belarusian leader said.
According to Alexander Lukashenko, Belarus is overcoming crisis and therefore «external borrowing at high interest should be left behind.» «This is the correct approach, it is not subject to any dispute,» added the President, BelTA informs.
Lukashenko Ready to Sell up to 25% of Belaruskali Shares
Besides, the Belarusian leader raised the issue of privatization. According to him, Belarus is ready to sell up to 25% of Belaruskali shares. «We offered Belaruskali — it is no longer a secret. We’ve said that we’ll not sell more than 25%. We’ve voiced a price that is growing today. There are not many people, willing to buy at such a price, but still there are potential buyers. If they want, let them buy, if not — there won’t be lower prices,» Alexander Lukashenko said.
«We’ve voiced the price of all businesses, the president said. — Let them bring money and buy. Nothing will be given free. They hope in vain that there will be a landslide, shocking, dirt cheap privatization.»
The president notes that today there is a «hectic demand» for some Belarusian enterprises. «We can get $25-30 billion for this. And when we spend this $30 billion, what will sell and what will we get from this then?» Alexander Lukashenko added.
The President also says that if someone pays so much money for this property, he expects to get more then. In this regard, Alexander Lukashenko urged: «Do not rush to sell. The economy is being liven up, there are tendencies for growth around the world, the value of assets is rising, as well as the cost of businesses — and then we will see both what to sell and at what prices.»
The Belarusian leader noted that he was not advocating to sell today but to think about how to live tomorrow. «One will hardly live long within the means, accumulated by generations. So do not rush,» the president said again, addressing the participants of the meeting.
