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Economy
25 October 2022, 19:17

Strong push for raising real salaries of Belarusians

MINSK, 25 October (BelTA) – Belarusian Economy Minister Aleksandr Chervyakov talked to reporters before a session of the Council of Ministers. He mentioned the factors that affect real salaries and what one can expect at the end of the year among other things, BelTA has learned.

Aleksandr Chervyakov said: “We intend to raise the real salary level up to 100% by the end of the year. We see how it can be done. Two factors are at play. An increase in output and the dependence of salaries on labor productivity as well as inflation reduction. The head of state has held a conference with the economic bloc of the government, the relevant tasks were formulated. And we see that inflation has started going down year-on-year.”

BelTA reported earlier that as a result of the government conference held to discuss the price situation in the country Belarus President Aleksandr Lukashenko signed Directive No.10 to prohibit unauthorized price raises. The document was passed in a bid to promptly and harshly respond to the current situation on the consumer market. The government adopted a new system the other day to regulate prices for all the consumer goods, including Belarusian and foreign ones.

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