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Economy
27 September 2022, 19:09

Incomes of Belarusians projected to grow by 4% in 2023

Aleksandr Chervyakov. An archive photo
Aleksandr Chervyakov. An archive photo

MINSK, 27 September (BelTA) – Incomes of Belarusians are expected to grow by 4% in 2023, BelTA learned from Belarusian Economy Minister Aleksandr Chervyakov before a session of the Council of Ministers' Presidium on 27 September.

The Council of Ministers' Presidium is expected to look into draft forecast documents for the year 2023. Those include documents on the most important parameters of the social and economic development forecast, the major monetary management guidelines, the central state budget, and amendments to the Tax Code.

Aleksandr Chervyakov said: “If we talk about this year, we now see recovery dynamics. The economy gains pace month after month. In other words, we are starting to gain every month. Not only agriculture but the manufacturing sector will make a positive contribution to dynamics now.”

Next year's parameters will match the program on the social and economic development for a period of five years. In particular, the GDP growth rate is projected at 103.8%. “It will secure an increase of over 4% in population income. There are also plans to build over 4.3 million m2 of housing, including 1.2 million m2 with state support,” the official noted.

“The social and economic development forecast covers investment projects rather broadly. We pay close attention to the head of state's instruction to realize investment projects in every district. So the forecast is rather saturated,” Aleksandr Chervyakov added.

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