Bbabo NET


The authorities of Belarus approved optimistic forecasts for the next year

Belarus (, - In Belarus, a significant increase in economic indicators is expected in 2023. The corresponding decree was signed on November 28 by Alexander Lukashenko, where the most important parameters of the forecast of the country's socio-economic development for the next year were approved.

“In particular, the growth of gross domestic product is planned at a rate of 103.8% compared to the current year, real disposable money income of the population - 104.1%, investments in fixed assets - 122.3%, exports of goods and services - 105.5% ”, the press service of the Belarusian leader reported.

At the same time, the decree determined the increase in investments as the main source of economic growth in the republic. Three important areas are identified here: the construction of housing and infrastructure for it, the creation and development of infrastructure in the regions, as well as “technical re-equipment”.

In addition, "in order to achieve the projected growth of the economy" next year, the decree indicated the volume of exports - it should amount to $ 47.7 billion with a growth rate of 105.5%. At the same time, the loss of exports to Western countries and Ukraine is supposed to be compensated by strengthening the presence of Belarus in the markets of Russia, China, the countries of the Middle East, Central Asia and Africa. In particular, exports to Russia should grow by 6.5%, to China by 15%, and to African countries by 10%. As a result, the foreign trade surplus should amount to $1.6 billion.

“This will ensure a balanced balance of payments, will have a positive impact on maintaining the economic security of the country at the proper level,” the press service noted.

Also, the Belarusian leader signed a decree approving the main directions of monetary policy for 2023.

“This policy will be focused on slowing down inflation to the level of 7-8% and maintaining financial stability,” the press service of Lukashenko said in a statement.

The document stipulates that "the refinancing rate is set at 10-11% per annum." It is also noted that "the exchange rate policy will be carried out in a floating exchange rate regime (based on supply and demand in the foreign exchange market), which allows foreign exchange interventions to smooth out sharp fluctuations in the Belarusian ruble exchange rate."

Recall that due to Western sanctions in Belarus, there are certain problems in the economy. Minsk expects to overcome all difficulties by expanding cooperation with Russia and Asian countries.

The authorities of Belarus approved optimistic forecasts for the next year