Golovchenko: growth of Belarusian economy in 2025 likely to be higher than world indicators
The growth of the Belarusian economy in 2025 is planned at the level of 4.1 percent, which is higher than world indicators – as announced by Prime Minister Roman Golovchenko at a meeting of the Council of Ministers on August 21st
"We are today finalising preparations for submitting the drafts of the most important parameters of the budget forecast and monetary policy targets for 2025 to the Head of State," the Prime Minister said. “They have been reviewed and generally approved at a meeting of the Presidium of the Council of Ministers, and special instructions have been given to finalise a number of issues. As a result, the updated draft documents have been submitted.”
According to Mr. Golovchenko, the key parameters of the work of the Government and the National Bank for 2025 have remained unchanged. Economic growth is planned at 4.1 percent, which is higher than the pace of development of the global economy. Inflation is planned to be kept within the five-year programme parameters: at no more than 5 percent.
The growth of the economy will be based on active investment development. According to the PM, the increase in investments in fixed assets is expected to amount to 7.8 percent. It is also planned to implement more than 600 investment projects, including 134 regional, 70 import-substituting and 27 integration ones.
Mr. Golovchenko noted that the implementation of the plans will ensure the growth of real monetary incomes of the population at the level of 104 percent, with an increase in real wages by 4.7 percent.
