Issues of increasing the knowledge-intensiveness of GDP of Belarus were discussed at a meeting of the Boards of the Ministry of Economy and the State Committee for Economic Development

Today, on September 30, a joint meeting of the boards of the two departments was held under the leadership of Economy Minister Yuri Chebotar and SCST Chairman Denis Korzhitsky. This was reported in the press service of the Ministry of Economy, writes sb.by.

The departments considered the issues of increasing the knowledge intensity of GDP. The program of social and economic development of Belarus for the current five-year plan provides for the achievement of at least 1% by 2030.

Opening the meeting, the Minister stressed the need for more active integration of science and the real sector. According to him, in the current conditions, the preservation of the competitiveness of enterprises directly depends on increasing the share of costs for the development and implementation of applied solutions in the investment portfolio of companies.

“Institutional conditions and financial mechanisms to support prospective research have already been established in Belarus. However, in order to quickly transform scientific ideas into new production facilities, it is necessary to critically evaluate the existing support tools for NIOC(T)R (research, development and development work). — Ed.) and, if necessary, develop additional measures, — said Yuri Chebotar.

The meeting also considered the issue of unification of reporting of business entities receiving state support for scientific activities. The participants agreed that the standardization of reporting forms would increase transparency in the use of budget funds and simplify the administration of support programs.

Cebotari: growth of investment activity is the key to the balanced development of the regions