Belarus President Alexander Lukashenko signed Decree No. 358 “Concerning the main priorities of Belarus’ social and economic development in 2017”.
The main priorities of the
country’s social and economic development in 2017 are the higher national
competitiveness and the creation of conditions for the implementation of
Belarus’ social and economic development program for 2016-2020.
The document also specified key priorities of
Belarus’ social and economic development in 2017. These are the macroeconomic
balance, financial recovery of real production sector organizations, development
of an efficient employment system, higher labor productivity, creation of new
jobs, more efficient state property management, involvement of the inefficiently
used state-owned property in the economic turnover, improvement of the
investment climate, reduction of the administrative burden on business.
The reduction of inflation to the level of less
than 9%, the inflow of $1.4 billion worth of foreign direct investments on a net
basis are the keys to preserving macroeconomic stability in 2017.
In 2017, the gross domestic product is projected
at the level of 101.7% over 2016.
have been made to ensure a 3.8% growth of export of goods and services from the
level of 2016.
The growth rate of labor
productivity will make up 101.8% in comparison with the previous year. It will
exceed the growth of real wages (101.5%) and real disposable incomes of the