site map useful links
Investment potential
Economic-geographical situation
Natural resources
Transport infrastructure
Economic potential
Sci-tech potential
Small-scale business and encouragement of entrepreneurship
Investment legislation
> Home page > News > <##title>
Belarus Council of Ministers reviews economy performance in January-October

Results achieved by the Belarusian economy so far this year, the expected results of the year and estimates concerning January 2019 were discussed at a session of the Council of Ministers Presidium under the chairmanship of the prime minister, BelTA has learned.

During the session Prime Minister of Belarus Sergei Rumas noted that in January-October 2018 the development of the national economy was on target as far as the most important indicators are concerned. The growth rate of the Belarusian economy totaled 103.5% as against January-October 2017. Export went up by 18%. Inflation was within the targeted range 4.2%. The level of real cash income of the population remains high 107.8%. The central state budget has a surplus of Br5.2 billion, reads the Council of Ministers website.

Meanwhile, we lost 0.2 percentage points in October 0.1 in the production sector and in agriculture each. The growth rate in the processing industry is slowing down as well as in civil engineering, wholesale and retail trade, agriculture, Sergei Rumas said.

The prime minister drew attention to slowing growth pace in agriculture. Complaints about the dry year still prevent us from increasing milk production. I dont understand why, for instance, one oblast reports an increase of over 5% in milk output in comparison with last year while two other oblasts report a decrease of over 5%, he noted.

According to Sergei Rumas, less than 70% of the targeted volume of housing has been built although assurances have been given that 4 million m2 of housing will be commissioned this year.

The prime minister also stated that four regions of the country are behind their assigned gross regional product targets. Concerns about Mogilev Oblast and Gomel Oblast were expressed at the Council of Ministers session, which focused on performance in January-September. Now Brest Oblast and Minsk Oblast have joined the other two.

Sergei Rumas reminded that the government is a collegial body. But members of the government bear personal responsibility for specific areas of work. Weve heard it here several times that all the targets will be hit, but, unfortunately, four months of work indicate that we constantly try to drop this bar, concluded the prime minister.

Belarus reduces oil export duties >>
Uzbekistan shows interest in industrial cooperation with Gomel Oblast >>
Belarus strikes ?160m deal with European Investment Bank >>
All news
contact e-mail:
Development and technical support: BELTA, 2006
Rambler's Top100