Belarus 2019 draft budget discussed by government

29.08.2018

The balance of expenditures and incomes for the next year was discussed in the Government of Belarus. The package of documents takes into account the external changes, including the oil price, economic growth and exchange rates of the currencies of our foreign trade partners. The main drivers of GDP growth are investments and exports. The investments are expected to grow at least 9,5%. And for the export, the focus is on services, which are to grow by 7.5%. The incomes growth is associated with labor productivity and projected to increase by over 3.5%. But the main goal is to achieve the level of wages in the public sector of no less than 80% of the average salary. The the old-age pension should make at least 40% of the average salary.


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