Govt not expecting significant revival of investment activity in 2022 – premier
<p> MINSK, Dec 10 - PrimePress. Belarusian Prime Minister Roman Golovchenko says the government is not expecting a significant revival of investment activity next year due to both the pandemic-related restrictions and sanctions. Golovchenko made a statement to this effect on 10 December at a meeting with members of the House of Representatives and the Council of the Republic in the Oval Hall to discuss budget bills, the government’s press-service informed. </p> <p> </p> <p> “We proceed from the fact that Western borrowing channels will be frozen for us. Under these conditions, raising more Western capital for the economy does not seem possible. Domestic resources are also limited and will be primarily channeled into production in order to maximize the export opportunities. Taking into account these factors, investments are projected to edge up by 3.3%. We plan to invest about Br36 billion ($14.2bn) in the economy,” he said. </p> <p> </p> <p> Golovchenko added that all sectors of the economy performed well. “The only exceptions were agriculture and construction due to well-known circumstances. I would like to note that the financial standing of domestic companies improved. Thus, the profitability of sales in January-October rose to 8.3%, and that in the manufacturing - almost 10%. The net profit of companies rose from Br4.9 billion to Br14.4 billion a three-times increase year-on-year. The number of loss-making companies dropped by 7.8%, and the net loss decreased 5 times,” he informed. </p> <p> </p> <p> In his words, improving the well-being of people will remain the main priority for 2022. Real disposable income is to increase by 2%. “Wages are projected to increase by Br135 ($53.26) up to Br1,551 ($611.86), wages for public sector workers are to grow by almost Br125 ($49.3) up to Br1,241 (Br489.57). Pensions will rise by more than Br70 ($27.6) up to Br596 ($235.12),” Golovchenko said. End </p> <p> </p>
2021-12-11
Primepress
Govt not expecting significant revival of investment activity in 2022 – premier
MINSK, Dec 10 - PrimePress. Belarusian Prime Minister Roman Golovchenko says the government is not expecting a significant revival of investment activity next year due to both the pandemic-related restrictions and sanctions. Golovchenko made a statement to this effect on 10 December at a meeting with members of the House of Representatives and the Council of the Republic in the Oval Hall to discuss budget bills, the government’s press-service informed.
“We proceed from the fact that Western borrowing channels will be frozen for us. Under these conditions, raising more Western capital for the economy does not seem possible. Domestic resources are also limited and will be primarily channeled into production in order to maximize the export opportunities. Taking into account these factors, investments are projected to edge up by 3.3%. We plan to invest about Br36 billion ($14.2bn) in the economy,” he said.
Golovchenko added that all sectors of the economy performed well. “The only exceptions were agriculture and construction due to well-known circumstances. I would like to note that the financial standing of domestic companies improved. Thus, the profitability of sales in January-October rose to 8.3%, and that in the manufacturing - almost 10%. The net profit of companies rose from Br4.9 billion to Br14.4 billion a three-times increase year-on-year. The number of loss-making companies dropped by 7.8%, and the net loss decreased 5 times,” he informed.
In his words, improving the well-being of people will remain the main priority for 2022. Real disposable income is to increase by 2%. “Wages are projected to increase by Br135 ($53.26) up to Br1,551 ($611.86), wages for public sector workers are to grow by almost Br125 ($49.3) up to Br1,241 (Br489.57). Pensions will rise by more than Br70 ($27.6) up to Br596 ($235.12),” Golovchenko said. End