MINSK, 17 February (BelTA) – Belarusian Prime Minister Aleksandr Turchin outlined how Belarus will increase exports and stimulate domestic demand while presenting the government’s report to the head of state on 17 February, BelTA has learned.
“Operational data on economic performance for January is already available. GDP stood at 98.8% (against a first-quarter forecast of 101.2%). Agriculture posted a decent result - 103.5% compared to January 2025. However, we did not reach last year’s levels in industry (96.6%) and investments (88%). This was influenced by both objective factors (declining demand in our key market, weather conditions, primarily for construction) and subjective ones - the sluggishness of certain managers, including in utilizing allocated resources. The government reviewed the January results with the participation of sectoral ministers and directors of key enterprises. All tasks have been set,” Aleksandr Turchin said.
He also explained how the task of meeting the 2026 targets is planned to be addressed. There are two traditional directions here - exports and the domestic market. “First - exports at 103.7%. The foundation is diversifying supplies to markets in far away countries and the CIS. Corresponding task matrices for 2026 have been approved. Furthermore, we have assigned specific officials to various countries and regions of Russia. Ambassadors have been given personalized tasks in their host countries - ranging from increasing supplies to establishing assembly operations. Strategic objectives focused on economic results have been defined for all personnel on assignment. Export support instruments have been revised. To avoid focusing solely on the Russian market and to encourage exporters to seek new ones, we have differentiated the levels of financial support based on the principle: the more distant the market and the more complex the product, the greater the budget support,” the prime minister said.
The second direction is the domestic market. “Amid the contraction of the Russian market, we have organized work to stimulate domestic demand. With the consent of the head of state, we are implementing a large-scale program to re-equip farmers with domestic machinery. The main focus is on high-horsepower tractors and large-sized equipment - more than 2,500 units. Over Br2 billion have been allocated for these purposes,” the Belarusian head of government said.
In addition to Decree No. 146, the government has developed a special credit product that enables any business entity to acquire modern large-sized equipment on favorable leasing terms.
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