Belarus increases financing of housing construction program in 2021-2025 by 44.4% to Br38.658bn
<p> MINSK, Feb 2 - PrimePress. Financing of the state housing construction program of Belarus in 2021-2025 increased by 44.4% from the 2016-2020 plan to 38.658 billion Belarusian rubles ($14.758 billion at the rate of National Bank of Belarus), as per government decree No.51 of January 28, 2021 posted on the National Legal Internet Portal on February 2, 2021. </p> <p> </p> <p> The national budget will provide an amount increased by 59.8% to Br6.663 billion ($2.543 billion); local budgets – by 14.7% to Br2.397 billion ($915.066 million). </p> <p> </p> <p> According to the decree, bank loans for the program increased by 78.6% to Br6.736 billion ($2.571 billion), including soft loans - by 44.6% to Br608.318 million ($232.227 million). Financing from other sources increased by 36.6% to Br22.862 billion ($8.728 billion). </p> <p> </p> <p> Of the total amount to be allocated in 2021-2025, Br34.299 billion ($13.094 billion, up 46% from the 2016-2020 plan) will be spent directly on housing construction (subprogram 1), while Br4.359 billion ($1.664 billion, up 33.2%) will be transferred for the construction of engineering and transport infrastructure (subprogram 2). </p> <p> </p> <p> In 2021-2025, it is planned to commission 21.4 million square meters of housing (up 9,7%) funded from all sources, of which 4 million square meters are expected to be commissioned in 2021, 4.3 million sq. m in 2022; 4.3 million sq. m in 2023; 4.4 million sq. m in 2024, and 4.5 million sq. m in 2025. </p> <p> </p> <p> Around 725,000 sq. m of rental housing are expected to be commissioned in 2021-2025 (up 33.5%). </p> <p> </p> <p> The average cost of one square meter of housing built with government support by means of soft loans (except for individual developers) in 2021 will stand at Br1,152 ($440, up 6.5% from the 2020 plan); in 2022 – Br1,223 ($466.81, up 6.1% against 2021); in 2023 – Br1,290 ($492.5, up 5.5% against 2022); in 2024 – Br1.360 ($519.11, up 5.4% against 2023); in 2025 – Br1,433 ($547.13, up 5.4% against 2024); in 2024 – Br1,360 ($519.11, up 5.4% against 2024). End (Br2.6195/$1) </p>
2021-02-03
Primepress
Belarus increases financing of housing construction program in 2021-2025 by 44.4% to Br38.658bn
MINSK, Feb 2 - PrimePress. Financing of the state housing construction program of Belarus in 2021-2025 increased by 44.4% from the 2016-2020 plan to 38.658 billion Belarusian rubles ($14.758 billion at the rate of National Bank of Belarus), as per government decree No.51 of January 28, 2021 posted on the National Legal Internet Portal on February 2, 2021.
The national budget will provide an amount increased by 59.8% to Br6.663 billion ($2.543 billion); local budgets – by 14.7% to Br2.397 billion ($915.066 million).
According to the decree, bank loans for the program increased by 78.6% to Br6.736 billion ($2.571 billion), including soft loans - by 44.6% to Br608.318 million ($232.227 million). Financing from other sources increased by 36.6% to Br22.862 billion ($8.728 billion).
Of the total amount to be allocated in 2021-2025, Br34.299 billion ($13.094 billion, up 46% from the 2016-2020 plan) will be spent directly on housing construction (subprogram 1), while Br4.359 billion ($1.664 billion, up 33.2%) will be transferred for the construction of engineering and transport infrastructure (subprogram 2).
In 2021-2025, it is planned to commission 21.4 million square meters of housing (up 9,7%) funded from all sources, of which 4 million square meters are expected to be commissioned in 2021, 4.3 million sq. m in 2022; 4.3 million sq. m in 2023; 4.4 million sq. m in 2024, and 4.5 million sq. m in 2025.
Around 725,000 sq. m of rental housing are expected to be commissioned in 2021-2025 (up 33.5%).
The average cost of one square meter of housing built with government support by means of soft loans (except for individual developers) in 2021 will stand at Br1,152 ($440, up 6.5% from the 2020 plan); in 2022 – Br1,223 ($466.81, up 6.1% against 2021); in 2023 – Br1,290 ($492.5, up 5.5% against 2022); in 2024 – Br1.360 ($519.11, up 5.4% against 2023); in 2025 – Br1,433 ($547.13, up 5.4% against 2024); in 2024 – Br1,360 ($519.11, up 5.4% against 2024). End (Br2.6195/$1)