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Economy
27 September 2022, 16:20

Belarus' budget 2023 to focus on social guarantees, essential public expenses

MINSK, 27 September (BelTA) - The main goal of the country's budget for 2023 is to provide for social guarantees and fund the most important public expenses, Belarusian Prime Minister Roman Golovchenko said at a meeting of the Presidium of the Council of Ministers in Minsk on 27 September, BelTA has learned.

The Presidium of the Council of Ministers met to consider draft forecast documents for 2023, such as major social and economic development parameters, monetary policy guidelines, the national budget and changes to the Tax Code.

“In contrast to the previous seven years, next year's budget is formed on the basis of the target scenario of economic development with GDP growth of 3.8%. This is an ambitious task, which creates certain risks for the budget sustainability to external influences. We are not doing any reserve scenario. Therefore, the task of the Finance Ministry and the regions is to take a very careful approach to balancing the budgets at all levels. The main goal is to provide social guarantees to citizens and finance the most important public expenditures,” said Roman Golovchenko.

“I ask the finance minister to focus in his report on issues of financing the social sector, supporting industries and infrastructure development. Special attention should be paid to repayment and optimization of the state debt obligations, measures to balance budgets at all levels,” the prime minister added.

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