Government reviews draft forecast for Belarus’ socio-economic development in 2027
29.07.2026
MINSK (
BelTA) – Drafts of the forecast for Belarus’ socio-economic development, the target indicators of monetary policy, and the national budget for 2027 were reviewed at a meeting of the Presidium of the Council of Ministers attended by Belarus’ Prime Minister Aleksandr Turchin on 29 July, BelTA has learned.
“We proceed from the fact that the socio-economic development forecast must be aimed at fulfilling the tasks of the five-year program and creating conditions for further growth in the population’s well-being. The submitted forecast documents define the most important target development parameters. The indicators are quite ambitious, given the persistent external constraints and the worsening outlook for economic growth of our major partner, the Russian Federation,” the prime minister noted.
For the government and the National Bank, the tasks include GDP growth, an increase in real household incomes, growth of fixed-capital investment, expansion of exports of goods and services, and limiting the inflation rate.
“The list of indicators remains the same as this year,” Aleksandr Turchin said.
He also emphasized that every action must be backed by efficiency. “I would like to draw attention to the services sector, because in our view, this is the area where we can achieve additional growth today,” the prime minister said.
“We proceed from the fact that the socio-economic development forecast must be aimed at fulfilling the tasks of the five-year program and creating conditions for further growth in the population’s well-being. The submitted forecast documents define the most important target development parameters. The indicators are quite ambitious, given the persistent external constraints and the worsening outlook for economic growth of our major partner, the Russian Federation,” the prime minister noted.
For the government and the National Bank, the tasks include GDP growth, an increase in real household incomes, growth of fixed-capital investment, expansion of exports of goods and services, and limiting the inflation rate.
“The list of indicators remains the same as this year,” Aleksandr Turchin said.
He also emphasized that every action must be backed by efficiency. “I would like to draw attention to the services sector, because in our view, this is the area where we can achieve additional growth today,” the prime minister said.