Updated at 11:56,07-12-2016

Deputy Prime Minister Tozik denies economic crisis

There is no economic crisis in Belarus, Deputy Prime Minister Anatol Tozik said at a joint sitting of the House of Representatives and the Council of the Republic on Friday.

He said that the government was working to solve the country's economic problems and securing its steady development in 2012. "The government has been set the task of solving all issues before the end of the year," he said.

Mr. Tozik noted that the government saw no grounds for revising the country's social and economic development targets for the period between 2011 and 2015.

The deputy prime minister promised that the cabinet would take efforts to prevent an economic collapse and a fall in households' incomes. He acknowledged that keeping the incomes of the government-funded sector's workers from dropping was the hardest task for the government.

"In fact different groups of the population live in very different conditions today," Mr. Tozik said.

According to the deputy prime minister, the average monthly pay totaled 2,260,000 rubels this past September, an increase of 73 percent compared with September 2010. "We will be able to make major decisions on pay, student stipends and pensions when the government knows the national currency's exchange rate," he said.

The Belarusian authorities have created conditions that make it possible for an "enterprising and hard-working person to earn money for himself and his family."