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Economy
10 December 2021, 11:15

Belarus to expand budgetary support for exporters in 2022

MINSK, 10 December (BelTA) – Belarus plans to increase budgetary support for exporters in 2022, Belarusian Prime Minister Roman Golovchenko said at a meeting with members of the House of Representatives and the Council of the Republic in the Oval Hall to discuss a package of budget bills, BelTA has learned.

“The budget has been drafted keeping in mind more cautious estimates of economic growth and taking into account the maximum impact of all possible risks. We proceed from more cautious estimations of our possibilities. GDP growth in this scenario is 0.7%. This principle makes it possible to objectively plan budget expenditures at all levels in a balanced way, so that no emergency measures for additional budget consolidation should be taken later in the process of its execution. This will help avoid situational and sudden reshaping of the plans formed primarily by budget organizations,” said Roman Golovchenko.

The consolidated budget remains socially-oriented, the prime minister stressed. Plans are to increase spending on education, healthcare, wages, payments to the Social Security Fund. There are also plans to strengthen budgetary support for exporters (by about 21%) and to increase financing for the purchase of equipment from domestic manufacturers (by almost 30%). This goes in line with the concept of the draft economic growth forecast mainly through exports.

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