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21 February 2024, 12:24

Real household income in Belarus up by 6.3% in 2023

MINSK, 21 February (BelTA) – Real household income in Belarus increased by 6.3% in 2023, Belarusian Prime Minister Roman Golovchenko said at a meeting of the Council of Ministers to discuss the country’s social and economic development in 2023, BelTA has learned. 
 
Reviewing the performance in 2023, the prime minister noted: “We managed to fulfil the most important tasks that were set by the head of state and were envisaged by the country’s social and economic development program. First, we achieved improvement in living standards. The inflation-adjusted real household income grew by 6.3%, which was above the target of 4.1%.”
 
Wages grew steadily throughout the year. “In real terms, wages increased by 11% against the forecast of 4.6%. In nominal terms, they rose by 16.7% and amounted to the yearly average of Br1,902, including Br2,271 in December,” the prime minister said.
 
As in previous years, financial support was provided to public sector employees and low-paid workers. “Special decisions were made to pay bonuses to teachers, doctors, kindergarten teachers, as well as workers in the sports industry, social services and culture. In 2023, more than Br1 billion was allocated for these purposes,” the head of government noted.
 
According to him, a number of measures were taken to increase wages of some workers in the real sector whose wages were below the industry average. “As planned, more than 85% of organizations reached the industry average in wages,” said Roman Golovchenko. 

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