Prersident: A new effective government to be formed before the year-end

A new effective government will be formed before the new year, Belarusian President Alexander Lukashenko said as he heard out a report of the government and the National Bank on Belarus’ economic performance in 2014 and the forecast for 2015.

The Prime Minister, Mikhail Myasnikovich, reported to the head of state on the development of the real production sector of the Belarusian economy, ways to overcome negative trends and proposals to ensure the balanced development of Belarus in 2015. He noted that despite the shortcomings, the economy has shown growth even in the face of serious and unforeseeable external difficulties. 

Mikhail Myasnikovich, in particular, noted:

"In 2015, we need to use, as in previous years, the program-target method. But we suggest using new approaches in the forecast of balanced economic growth, eliminating the repetition of the errors, which were, unfortunately, made. There is a need for effective management of investment resources. We suggest directing them towards the creation of new industries and modernization of the existing ones. The government and the National Bank have agreed on the 2015 budget monetary balance. Thus, the budgetary foreign currency expenditures are linked to foreign exchange revenues. The government and the National Bank will work to increase the volume of gold and currency reserves of the country".