MINSK, 17 January (BelTA) – As he summed up economy performance in 2024, Prime Minister of Belarus Roman Golovchenko explained by how much the real monetary income of the population increased, BelTA has learned.
The economy functioned in conditions of stable prices on the domestic market, Roman Golovchenko stressed. While the inflation target was set at no more than 6%, the actual inflation totaled 5.2% last year. “It is a result of rather intense and smooth work of both the economic block of the government and the National Bank, the banking system. Well, in these conditions, in conditions of price stability and comparatively low inflation economic growth allows accomplishing the key task: to increase population income,” he noted.
According to Roman Golovchenko, the real disposable monetary income of the population increased by 9.5% in 2024. “The real disposable income of the population includes not only wages but also pensions, scholarships, and benefits and all other kinds of social benefits. The target stood at 3.5%. In practice the income rose by 9.5%. It is the best figure over the entire five-year term. Meanwhile, real wages rose even more: by 12 percentage points. In January-November the average wage went over Br2,200,” the prime minister said.
In 2024 retirement pensions were raised twice. “They were raised by 10% on 1 February and by another 5% on 1 October. Thus, the real growth rate of retirement pensions amounted to 109.6%,” the head of government noted.
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