Updated at 17:46,10-07-2018

Ministry of Finance expects GDP to grow by 8.5% in 2013


GDP is set to grow by 8.5% in 2013, and export by 15.2%. Whereas, the main focus is kept at innovative activities, and expanding the scope of goods, which would be conditioned through establishing modern enterprises, stated the Prime Minister Mikhail Myasnikovich during his report to the head of the state. According to the Prime Minister, economy is facing quite uneasy figures.

The administration also estimates the volume of the investments for 2013 at $20 billion. Whereas Br2 trillion of the budged are to be spent on fundamentally new innovative projects, at so called innovative fund. Besides, the net profit of state enterprises is planned to cover top priority projects, which are to define the nature of Belarusian economy, as the President’s Administration informed.

Alexander Lukashenko agreed with the main methods of the administration. A meeting dedicated to the review of the execution of 2012 prognosis and setting tasks for 2013 will be held in the near future.

The Prime Minister also reported the suggestions of the administration for the performance of manufacturing enterprises and Belarusian embassies abroad. The diplomatic missions will soon receive target figures for export volume and direct foreign investments. In the middle of 2013 the heads of the diplomatic missions will report on reaching the target figures.

Belarus Ministry of Finance forecasts annual USD exchange rate of Br8,400 – 8,500. This rate is defined in the next year’s budget prepared by the Ministry of Finance.