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10 April 2024, 09:26

 Lukashenko: Belarus' price regulation can become a unique experience for market economy

MINSK, 10 April (BelTA) – If the government does everything right, Belarus' price regulation policy will become a unique experience for market economy, Belarusian President Aleksandr Lukashenko said as he was reviewing the results of the meeting to discuss the domestic manufacturing sector, BelTA has learned.  

“I want to reiterate it once again that based on my experience I assume that this 'market economy system' was touted  by our competitors. They say - free market with its supply/demand system will regulate itself. Never ever during my term as the president has the market regulated anything. We had to intervene all the time. I don’t know how this price regulation drama will end. But if the government doesn’t fail, this will be a unique operation in a market economy, so to speak,” the president said.

Aleksandr Lukashenko recalled that as soon as the government began to regulate prices, the country was predicted to face deficits and declines.

“What has collapsed? What goods disappeared from stores? You can find everything on store shelves. If the production of some goods is struggling, we respond. In a year, a year and a half, or two, we will fix all this, though it’s not easy. The most difficult thing in this so-called market economy is to regulate prices throughout the country, but we will do it in such a way that they will come here to learn from us. But we need to hold out, those who pushed this 'free market' on us will not forgive us,” the president emphasized. 
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