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Economy
10 August 2022, 18:35

PM reveals secrets of Belarusian economic model

SOLIGORSK DISTRICT, 10 August (BelTA) – Belarusian Prime Minister Roman Golovchenko revealed the secrets of the Belarusian economic model as he spoke to the media on 10 August, BelTA has learned.

Despite the sanctions and the related challenges, the Belarusian economy has achieved an unprecedented balance as far as quality indicators are concerned. “There are basic points which help to survive in such difficult conditions. Firstly, it is the presence of many points of support. I mean the diversified sectors of the economy, including developed agriculture and food production, chemical, light industry, woodworking, oil refining and others. It was very difficult to keep all the sectors we have inherited from the BSSR. It required huge financial resources, big efforts, but now this pays back,” Roman Golovchenko said.

The second factor of the sustainable Belarusian model is the planned economic development. “We know how much housing and how many roads will be built this year and next year, how many facilities will be included in the state programs, particularly in agricultural business,” said the prime minister.

"Thirdly, we have been implementing reforms evolutionarily. We do not make drastic decisions," Roman Golovchenko drew attention.

The fourth factor is people. The head of government lauded the diligence of the Belarusian people.

"Fifth, our model is human-centric. We are trying to do everything to develop both the production and social sectors in a balanced way. We analyze the experience of other countries, including the negative one. Some suggest giving everything to the private owner as they are more effective owners and thus do better. But we know of many examples when a private owner has maximized profits to the detriment of everything else. Therefore, we are trying to develop both the state form of ownership and the private one in a balanced way. We understand that a private owner will not be able to maintain the social sector at the level to which Belarusians are accustomed," the prime minister concluded.

The head of government paid a working visit to Soligorsk District on 10 August. The central theme of the working trip was food products. Roman Golovchenko first visited the Soligorsk Poultry Factory which is one of the largest poultry producers in Belarus.

The second stop of the working trip was at the Novopolessky commercial dairy farm. It is a unique facility for 2,400 head. The company boasts advanced technologies to keep, feed and milk the herd. The facility has all necessary infrastructure.

Belarusian Prime Minister Roman Golovchenko at Soligorsk Poultry Factory
Belarusian Prime Minister Roman Golovchenko at Soligorsk Poultry Factory

Belarusian Prime Minister Roman Golovchenko at Novopolessky commercial dairy farm
Belarusian Prime Minister Roman Golovchenko at Novopolessky commercial dairy farm

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