Belarusians' incomes to grow 11% by 2020
Investments, employment, exports, information, and youth. The Belarus President approved a program of socio-economic development of the country until 2020. Its main purpose is to improve the quality of life, attract investment and develop innovations.
By 2020, Belarusians' revenues should grow by 11%, while inflation should not exceed 5%.
Belarus registers budget surplus in January-September 2016
In the first 9 months of 2016, the Belarusian budget was formed with a surplus. In other words, budget revenues exceeded expenditures: plus 900 million, or 1.2% of the GDP.
Most of the finance was received by the Social Security Fund as well as from the payment of value added tax.
In turn, the largest expenditures were the financing of social services - education, health, and pensions.
Salaries in Belarus to increase by 9% in 2017
Belarus' draft budget for 2017 has been adopted. In the second reading, the absolute majority of deputies voted for the draft of the main financial document. It will retain social orientation. One-third part of the budget will be earmarked for state programs: in education - for the development of innovative approaches, while in health care focus will be made on affordability and quality.
Payroll fund will increase by 9%, while labor pensions will be increased twice.
Half of Belarus' budget expenses to be earmarked for social policy in 2017
Representatives of the House of Representatives have adopted the draft budget for 2017 in the second reading. It was approved by a majority vote.
State revenues were approved in the amount of more than BYN18 billion, expenses over BYN16 billion.
Over 40% of planned revenues will come from value-added tax.
Belarus President: Knowledge and technology are key to solving economic problems
Export of products for Belarus is like oxygen to the body. But economic success does not depend only on external factors. On Friday, President Lukashenko sternly warned the government on this issue and demanded to search internal reserves, which can still be found, no doubt about that. I think that every self-critical employee and manager can agree with it. It's not just about the number of blister or the amount of sweat, but also about the effective management, new knowledge and, of course, new technologies.
Investments in Minsk in H1 2016
The economy committee of the Minsk city executive committee has counted incomes from foreign investments. Since the beginning of 2016, Minsk has received more than 600 million dollars of foreign direct investment on a net basis.
The share of Minsk among regions of Belarus is over 60 percent. The main investors of the capital today are Russia, Germany, Poland and France.
Over 250 Belarusians born on Independence Day July 3
Moms of babies who were born on July 3, which is Belarus Independence Day, accepted congratulations and received gifts. On Independence Day, when the whole of Belarus admired the spectacular parade, sang the national anthem and enjoyed the colorful fireworks, more than 250 children were born. One-fifth of them were born in Minsk.
52 children were born in Minsk on that day. There were more boys than girls. Moms of all children received gifts, which included everything a baby and a mom need in the first days after childbirth.
Vladimir Semashko: Industry is main contributor to Belarus' GDP
Belarusian industry monthly shows higher growth rates compared to that of EEU partners, Deputy Prime Minister Vladimir Semashko said at a joint session of the House of Representatives and the Council of the Republic.
It is now industry that is the main contributor to the restoration of the republic's GDP. The reforms that began in late 2015 showed their effectiveness. Also, the Deputy Prime Minister announced reduction in electricity prices. Gas prices and energy costs for Belarusian companies will still be tied to the US dollar.
Belarus' GDP up 5.8% in 2011-2015
On the eve of the All-Belarusian Assembly, the best districts and companies of the country were honored at State Flag Square. They are now on the renewed National Board of Honor. The corresponding decree was signed by the Belarus President.
The Minsk, Vitebsk and Grodno regions have been hailed for performance in the field of socio-economic development. The Zhitkovichi, Nesvizh and Dokšycy districts are the most thrifty.
Alexander Lukashenko: Belarus has everything for annual GDP growth
Let's start with the economic topic, which is the main one in politics and in "kitchen debates". Different economic topics are on people’s lips, for example, the introduction of new banknotes in Belarus. It will happen in a month and stores are already preparing us to the new price tags (without the four zeroes). The ruble's face value will become closer to major world currencies. But not only the ruble.
What economic tasks is Belarus government facing in Q1 2016?
Export growth, creation of new jobs and prevention of decrease in agricultural production volumes are the economic tasks the Belarus government is facing in Q1 2016.
In recent years, it implemented a number of measures for macroeconomic balancing. As a result, during the first months of 2016, balance has been achieved in domestic foreign exchange market and the size of foreign exchange reserves was kept. Moreover, about 7,000 people were employed through the creation of new industries.
Belarus economy to retain social orientation: Government action program to be reviewed April 5
The program of government activities up to 2020 will be reviewed by Belarusian MPs on April 5. The document will be presented by Prime Minister of Belarus Andrei Kobyakov. The program states that the economy will retain its social orientation.
The growth of real incomes of Belarusians will be predetermined by GDP figures, labor productivity and will equal at least 110% over five years.
Belarus GDP up 6% over past 5 years
The GDP of Belarus increased by almost 6% over the past 5 years.
The Economic Standing Committee organized a meeting at the Belarus House of Representatives on March 3. The Parliament received the Government's agenda for the period up to the year 2020. The deputies will review the document on the next session in spring.
It was mentioned on the meeting that the immediate goal is the efficiency of the domestic resource use and inward foreign direct investment. In general, the government intends to boost the economy on the three levels.
Belarus' monetary policy guidelines 2016
The Belarus President has approved the main directions of the monetary policy of Belarus for 2016. The corresponding decree was signed by the Head of State on 18 December. The main goal is to reduce inflation to 12%. Belarus will conduct a flexible exchange rate policy, which means dynamism of the exchange rate on the basis of supply and demand in the foreign exchange market.
Economic growth without social shocks: Belarus President about 2016 budget
The Belarusian President, Alexander Lukashenko, held on Monday a major meeting to discuss the 2016 budget and future macroeconomic policy of Belarus.
External factors do not allow building optimistic forecasts. But Belarus is not going to go with the flow. There are still reserves. Belarus needs to mobilize all forces and resources. This is perhaps the main demand of the head of state.
Belarus set for hard budget constraints in 2016
To mobilize all resources to boost the economy. The prospects of socio-economic development for 2016 were discussed at a meeting hosted by the head of state. Alexander Lukashenko noted that not all measures to ensure the economic stability are being realized.
Belarus is going to mobilize all available forces and resources. It will create a good environment for investment to comply with all social guarantees and to develop the industry.
Belarus' government reviews economic performance in H1 2015
Balanced foreign trade, stabilization of foreign exchange reserves and a slowdown in inflation in Belarus. Results of the socio-economic development of Belarus for the first half was summed up today, on August 14, by the government.
The economy is in a difficult external environment. And yet, the country timely pays off foreign debts and ensures the growth of export. Budget revenues amounted to 4.5 percent of GDP.