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Belarusian government to focus on companies with average salary below Br500

Economy 23.08.2019 | 16:50
Archive photo
Archive photo

MINSK, 23 August (BelTA) – The Belarusian government will turn its attention to companies with the average monthly salary below Br500, Belarus Prime Minister Sergei Rumas said after the meeting with the Belarusian president, BelTA has learned.

“The head of state reminded that Br500 is the next goal. First Deputy Premier Aleksandr Turchin supervises the work on this goal. Starting from the second half of 2019, we will look into the situation in companies that do not meet the goal set by the president,” Sergei Rumas noted.

In the past, the Belarusian government focused its attention on enterprises with the average salary below Br400. “The government ensured that only several enterprises with the average salary below Br400 remain in Belarus. We know about the remaining companies and understand the reasons behind their state of affairs,” Sergei Rumas added.

According to him, in general salaries in Belarus grow faster than the program documents of the government predicted. As of July 2019, the average monthly salary in the country came at Br1,128.

Sergei Rumas pointed out that such growth is welcome because it improves people's prosperity. This growth is possible thanks to the stable economy and balanced situation in the foreign exchange market. However, the government is concerned that labor productivity has not increased with the salaries. “We monitor the situation and work with industries and particular companies, because this issue primarily concerns state-owned enterprises. We want to avoid imbalance and ensure that labor productivity growth rate is on the same level as the salary growth rate,” the prime minister said.

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