Prime minister: The next year's budget will keep social focus

Roman Golovchenko said: “The state budget will keep its social focus. Spending on public sector salaries, on pensions for the military, on support for large families, and other things will be raised significantly next year. Apart from that, Br476 million has been appropriated for subsidizing housing construction as part of presidential decree No.240 or 1.5 times as much as in 2021.”

The prime minister also specified the key figures mentioned in the next year's projections. The GDP growth rate will be 102.9%, he said. The growth rate of the real disposable cash income is expected to reach 102%. Fixed-capital investments are supposed to grow by 3.3%. The export of merchandise and services is expected to rise by 6.3%. The key factors driving Belarusian economy growth in 2022 will be rising foreign demand, which is supposed to contribute 1.8 percentage points to the GDP growth, and a balanced increase in domestic consumption without excessive pressure on the financial market and the forex market. According to the Economy Ministry's projections concerning the development of foreign markets, foreign currency proceeds can grow by $2.7 billion. The growth will have to rely primarily on higher export in physical terms, the prime minister noted.