MINSK, 2 January (BelTA) - In 2024, most of the indicators set by the head of state were fulfilled, Deputy Head of the Belarus President Administration Aleksandr Yegorov said on the air of the Belarus 1 TV channel as he commented on the drivers of the Belarusian economy in 2024 ad in 2025 on 1 January, BelTA learned.
“These include, first of all, GDP, household income, inflation, etc. This is what the president talks about at various meetings and what grabs the most attention. GDP performed in a diverse way. If we talk about the main driver of the economy, this is the manufacturing industry. Some sectors worked better, some underperformed a little,” Aleksandr Yegorov said noting that there are often objective reasons for this.
At the same time, Aleksandr Yegorov emphasized that there are also sectors that must step up. “One of them is the confectionery industry that posted lower growth rate that it could. We can see this by the demand for products in Russia and China. The rates of production and exports should be much higher,” he said.
According to him, investments in the production and infrastructure are among the key factors for the country's development. The construction sector remains one of the important growth drivers. “The government has been attaching great attention to investments for two years in a row as instructed by the head of state. These are investments in the manufacturing sector, the initiatives ‘One District, One Project’ which are a regional focus. More than 200 such projects have been mapped out,” Aleksandr Yegorov explained.
Another important area of focus is infrastructure. “A number of facilities were built in 2023-2024. This is social, road and transportation infrastructure such as bridges, kindergartens, schools, healthcare facilities. All this in general gives a good boost to the country, because these are investments into the future,” he noted.
According to Aleksandr Yegorov, trade performed well last year. “Since the main driver here is the turnover, which depends on the income of the population. And they are growing at a good pace,” he emphasized.
“These include, first of all, GDP, household income, inflation, etc. This is what the president talks about at various meetings and what grabs the most attention. GDP performed in a diverse way. If we talk about the main driver of the economy, this is the manufacturing industry. Some sectors worked better, some underperformed a little,” Aleksandr Yegorov said noting that there are often objective reasons for this.
At the same time, Aleksandr Yegorov emphasized that there are also sectors that must step up. “One of them is the confectionery industry that posted lower growth rate that it could. We can see this by the demand for products in Russia and China. The rates of production and exports should be much higher,” he said.
According to him, investments in the production and infrastructure are among the key factors for the country's development. The construction sector remains one of the important growth drivers. “The government has been attaching great attention to investments for two years in a row as instructed by the head of state. These are investments in the manufacturing sector, the initiatives ‘One District, One Project’ which are a regional focus. More than 200 such projects have been mapped out,” Aleksandr Yegorov explained.
Another important area of focus is infrastructure. “A number of facilities were built in 2023-2024. This is social, road and transportation infrastructure such as bridges, kindergartens, schools, healthcare facilities. All this in general gives a good boost to the country, because these are investments into the future,” he noted.
According to Aleksandr Yegorov, trade performed well last year. “Since the main driver here is the turnover, which depends on the income of the population. And they are growing at a good pace,” he emphasized.
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