The package of forecast documents for 2025 was reviewed today at a meeting of the Presidium of the Council of Ministers of the Republic of Belarus. Among the participants in the meeting was the head of the environmental protection agency Sergei Maslyak.
“A package of forecast documents for 2025 is submitted for consideration – draft forecasts for socio-economic development, target indicators of monetary policy, as well as the republican budget and amendments to the Tax Code. 2025 is the final year of the five-year plan. Accordingly, the forecast for socio-economic development should take into account the objectives of the five-year program, meet the requirements of economic security and sustainability of the state and create conditions for further growth in the well-being of the population and the development of the country’s economy. The forecast documents propose the most important target parameters for development. The indicators are traditionally tense, which is justified in the context of the ongoing mobilization of the economy. The government and the National Bank will be tasked with increasing the gross domestic product, increasing real incomes of the population, investments in fixed capital, exports of goods and services, and limiting the inflation rate,” said Prime Minister Roman Golovchenko.
According to him, it follows from the prepared materials that the implementation of the target scenario will ensure growth of real incomes of the population by 4%, real wages – by 4.7%. “The rate of economic growth next year is planned at 104.1%. To achieve this goal, the project includes active investment development (107.8%), an increase in the volume of exports of goods and services (105.4%) and control over inflation (no more than 5%),” the head of the Government noted.
He also emphasized that the country has built a clear and transparent structure of management and control over the achievement of planned parameters through the dissemination of target tasks throughout the entire vertical of power.
“The budget has been formed based on the designated forecast parameters. The revenue side of the budget is planned with a slight increase of 7.8% and expected revenues in the amount of Br45.5 billion,” the Prime Minister emphasized.
As for the Tax Code, as Roman Golovchenko noted, it is necessary to maintain conditions for economic growth, while eliminating excessive burden on the real sector of the economy.
Information by BELTA
