/ / News

Belarus prime minister urges to hit this year's social, economic development targets

MINSK (BelTA) – Government agencies must hit the assigned social and economic development targets by the end of the year. Prime Minister of Belarus Andrei Kobyakov gave the relevant instructions during the session of the Council of Ministers' Presidium held on 12 June to discuss conceptual provisions of the document designed to guide Belarus' social and economic development in 2019 and till 2021, BelTA has learned. Participants of the meeting also discussed guidelines on Belarus' budget, finance, and tax policy for 2019 and the medium-term financial program for 2019-2021.

The prime minister said: “When the concept of the forecast was being developed, I instructed the Economy Ministry and the government agencies concerned to analyze the economic performance expected in H1 2018 and the entire year. The relevant materials were sent to all the participants before this session.”

Andrei Kobyakov pointed out that according to the Economy Ministry all the key targets indicating the performance of the government and the central bank in January-June 2018 will be hit. “But I would like to point out that a number of industries are demonstrating relative slowdown,” he said. In H1 2018 the industrial output growth rate is expected to reach 107.8% as against the same period of 2017, with the retail trade growth rate at 108.8% and the wholesale trade growth rate at 106.8%.

“I would like the economy minister to deliver a report focusing on the expected results of the economy's performance. I want proposals as to what government agencies should focus on in order to hit the assigned development targets by the end of the year,” concluded the head of government.