The economy has gained momentum above the target parameters

The results of socio-economic development of the country for the first half of the year are on the agenda of the government meeting today. The gross domestic product added 5%, while the target was 3%. The drivers of development are traditional. Industrial production at the end of six months shows growth of more than 7%. The rates in agriculture are even higher — there is a plus of almost 10%. Inflation in June against December last year — 3.4%. As Prime Minister Roman Golovchenko noted, the measures taken by the government and the National Bank allow to ensure macroeconomic stability in the country. All expenditure commitments of the budget of social nature are fulfilled in a timely manner and in full. One of the main indicators - the growth of income of the population — is in the green zone. It is even higher than planned — about 10%. This together with affordable bank loans support high consumer demand. The government assesses the situation in the foreign exchange market as stable. Confidence in the Belarusian ruble is growing. Since the beginning of the year, bank deposits in the national currency have increased by 17.5%, nearly one and a half billion in rubles. As for the gold reserve of the country, it was $8.5 billion on 1 August. According to the results of the first half of the year, the economy has gained momentum above the target parameters. 4 out of 5 key indicators are ahead of the pace.