MINSK, 16 January (BelTA) – The requirement to raise salaries for higher labor productivity still stands. Prime Minister of Belarus Andrei Kobyakov made the statement during the session of the Presidium of the Council of Ministers on 16 January, BelTA has learned. The session was focused on measures to implement Belarus' social and economic development tasks and on the national economy's expected performance in January and in Q1 2018.
Higher earnings of Belarusians and higher salaries remain the most important social and political task. “The reference size of the average salary was determined during the government conference hosted by the head of state on 21 November 2017. All the necessary instructions were given. But the requirement that the growth of salaries and labor productivity growth in the non-budget sector should be correlated still stands. People have to earn their salaries,” stressed Andrei Kobyakov.
The head of government drew attention to the need to reduce costs and get people employed in newly created jobs. “Reducing the costs is an important task. In order to reduce the economy's dependence on external factors, increase labor productivity and the competitive ability of the production sector, it is vital for us to minimize our costs. It is necessary to create jobs, develop small and medium private companies for the sake of healthy economy growth,” said Andrei Kobyakov.
The prime minister stated that higher labor productivity and the assimilation of new technologies usually go hand in hand with some employees becoming surplus to requirements. Creating new jobs in the private SME sector will allow redistributing the workforce into other occupations without social shocks. “It is what persistent and correct work to improve the structure of the economy in certain regions and the country as a whole is all about,” stressed Andrei Kobyakov.More about Economy