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10 April 2023, 15:26

Opinion: Sovereign financial policy is of crucial importance for a state

MINSK, 10 April (BelTA) - A state must have a sovereign financial policy to ensure economic growth, Director General of Cherepovets Foundry and Mechanical Plant, economist Vladimir Boglayev said in a new episode of the V Teme [On Point] project on BelTA's YouTube channel.

The economist commented on the opinion expressed by Aleksandr Lukashenko during the address to the Belarusian people and Parliament, namely that the main thing is the economy. "How can you argue with that? The standards of living cannot rise in a country where the economy is falling. There will be no source for raising the standard of living. A country whose economy is deteriorating and the standards of living are falling will inevitably face the loss of legitimacy of power," Vladimir Boglayev is convinced.

A state must have its own sovereign financial and monetary policy to ensure economic growth, Vladimir Boglayev believes. "This is necessary in order to ensure, among other things, the technological development, defense capabilities, and political independence. Aleksandr Lukashenko, as always, take a deep look into the roots of problems. He always gets the gist. Just because discussions on TV often turn into a plate of spaghetti, we stop perceiving words and the meaning that is put into them. But the meaning is there. We just need to hear it," Vladimir Boglayev concluded.

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