Belarus' social and economic development forecast for 2016 envisages 12% inflation

MINSK (BelTA) - The social and economic development forecast of Belarus for 2016 envisages a 12%-inflation, First Deputy Economy Minister Alexander Zaborovsky said at the conference, Economy of Belarus: In a Dilemma Again, on 4 November, BelTA informs.

The policy of macro-stability based on open economic regulation will be continued. The key parameters of the forecast that were approved by the government to make part of the draft forecast for 2016 are as follows: December-to-December inflation up to 12%, the current account deficit of up to 3% of GDP, net FDI inflow at 2.5% of GDP.

The abovementioned generally secures debt-free financing of the country's current account, noted Alexander Zaborovsky. In his words, alongside with a set of measures of the anti-inflation program and a confident monetary policy of the National Bank the implementation of the key parameters of the social and economic development forecast will make a significant contribution to maintaining long-term macroeconomic stability.