One of the pillars of sovereignty and independence is efficient economy, regardless of the pandemic or sanctions restrictions, no matter whether some people like it or not.
Today, the Government has summed up the results of socio-economic development for four months. All social obligations have been implemented in full, the income is gradually increasing. The economy is well-balanced and there is certain stability in the currency market. The export of goods and services is growing and the Belarusian ruble exchange rate got more stable. The industry is not working on stock and we have the lowest stocks for the recent time. But there are certain issues with the construction and attraction of investment. We need to reconsider the approaches with price regulation.
For the first 3 months, the industry was actively increasing. After last year, with closed borders and temporarily interrupted trade ties, our enterprises are entering the markets, contracts are being signed.
The external conjuncture is positive. Prices for goods, including agricultural products, oil products and timber have gone up. And this is good for us. The foreign trade balance is positive - nearly $830 million. This is a record high figure in the last 10 years.
As a result, the GDP for 4 months is 2.5%. The industry has an increase of 11%. The wholesale trade and catering are also recovering. The real sector is beginning to calculate a profit.
All social tasks have been accomplished. Pensions and allowances are paid on time. The real incomes grow. Government employees receive over 80% of the average salary in the country, the Council of Ministers said. Special attention is still paid to those who still have low incomes, as well as to regional imbalances. The state treasury is in deficit. The budget is still burdened by the pandemic, sick leaves and support for physicians.
Not a single region including Minsk has performed the task of attracting capital. But, the problem, says the Prime Minister, is not only money, but the lack of ideas. After all, finances are invested only in profitable projects.
The prices of socially important goods, which are mostly food products, are now under pressure from world prices, which are breaking records this year. To reduce the rush, the government introduced price regulation in March. Now it's time to reconsider the tough approach. And there are objective reasons for this.
The main thing, of course, is our consumers and their income. The government will continue to be guided by it, but at the same time it guarantees another important component: the availability of the products on the shelves in a wide range. The issuance of commercial loans for housing construction is also under control.
Belarusian government sums up results of socio-economic development during four months
18 мая 2021












