Liquefied petroleum gas prices for households rise
Economy Ministry of Belarus raised the price of liquefied gas sold to the population in bottles by 23%. Moreover, as of 1 August the retail prices of liquefied petroleum gas sold at petrol stations will increase by 24%.
This is the second time the gas price is being increased this year: in April it was increased by 35%.
The government started raising gas prices, which is inevitable, given increased purchase price of gas and the devaluation. The first ones to face the increased price for gas were vacationers, residents of villages (who use liquefied petroleum gas) and motorists. The following price increase will affect the rest of the population, as before the heating season starts the authorities need to raise gas, electricity and heating prices.
The Labour and the Tax Ministries are considering the possibility to include persons engaged in some economic activity without forming a legal entity in the social security system. When the decree No 337 comes into effect, the number of private entrepreneurs is likely to reduce due to the possibility of reducing the tax burden when switching to a tax payment as an individual. 95% of self-employed, including PE, pay insurance premiums on the basis of the minimum wage. The number of self-employed citizens is expected to increase, the number of insurance contributions to the pension system from PE will decrease, the number of citizens who will pay a fee to finance government spending will decrease by several tens. Self-employed citizens have the alternative not to pay social security fees and save resources for future pensions, which, given the gradual restriction by the state of pension requirements could be a more long-sighted option.