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Belarus' economy on the rise, salaries may increase, PM says

The economy has grown, and six of the seven key indicators are met. By the end of 2017, the planned growth of real incomes of the population should be exceeded.

The Belarusian President discussed the socio-economic results of H1 with the government. The government's financial report is still ahead.

Alexander Lukashenko, President of Belarus:
What about my instructions for controlling prices in the country, for pricing? On the one hand, inflation is within a much lower forecast - and that's good. On the other hand, people complain that prices for some goods frankly 'dance'. For example, medicines and even bakery products. Let them be small but such fluctuations are sensitive.

Last year we agreed that a new high-performance job should be created for each one that is cut. But layoffs still exceed the number of those hired. At least, according to the information that I have. What's the matter?

Even more uncertain is the situation with closing enterprises. Where do people go? On paper, new jobs seem to be created, but in fact I see continuous fraud.

How are we reaching the planned level by industry and region? Is the income division exacerbating? How did the government respond to my assignment to pay special attention to workers receiving low salaries - in agriculture, education, health, culture, and social security?

If someone in the government wants to curtail the construction of housing, I advise them to immediately go to one- and two-room apartments with their families or go to a leased apartments and live with owners.

The budget has a surplus, payments on foreign currency obligations have been made, while the country's gold and foreign exchange reserves have also been increased over the six-month period. Loans for the real sector are becoming more affordable. Since the end of 2016, they have fallen in price by 7 percentage points. Inflation has slowed and labor productivity is increasing.

Andrei Kobyakov, Prime Minister of the Republic of Belarus:
Our industry has worked well in H1 2017 - 106%. Real incomes of the population are improving - 99.2. We assume that by the end of the year we will reach 102.7, since it became possible to consider the issue of revising salaries upwards.

One more positive indicator: the stocks of finished goods are reducing. But the President notes: he was told about backlogs of fabrics at flax-processing plants.

The head of state once again noted the importance of the harvesting company, raised the issues of creating a new model of a combine and a domestic engine for it.

Alexander Lukashenko:
This is our greatest achievement, that we once grabbed and saved these dairy-commodity complexes. Some in the government (and also at the National Bank) think that spending money on this is not the issue of primary importance. They say those enterprises are loss-making. But if we did not have them, today agriculture would not exist in Belarus.

Milk today is profitable and in general, mainly on dairy-commodity complexes, which are modernized and rebuilt, the highest quality of dairy raw materials, from which we produce chic products that are in demand all over the world today. We filled our market. And this means money.

It is necessary to finish the construction and modernization of old dairy-commodity complexes by 2018 and provide them with quality forage where we planned.

Instead of farms Belarus will be developing livestock complexes. But the problem of preserving high-quality fodder has not been solved yet. As a result, in winter, the volumes and quality of milk reduce.

Belarus once tackled and solved the problem of preserving potatoes and apples and now the head of state demands similar breakthrough solutions in the construction of haylage trenches. The instruction of Alexander Lukashenko is to develop inexpensive and standard projects for storage of feed.

Belarus' economy on the rise, salaries may increase, PM says