Business news

MINSK, 9 November (BelTA) – Curbing inflation is a priority, Belarus President Alexander Lukashenko said as he heard out a report from Finance Minister Vladimir Amarin on 9 November, BelTA has learned.

The President was informed that the 2015 budget will be implemented in the targeted parameters, all obligations, first of all, social obligations, will be fulfilled. Alexander Lukashenko focused on the level of inflation in the country. At present this figure does not exceed 10% (from the level of December 2014).

The head of state stressed that there are objective reasons why Belarus cannot have a high level of inflation. “Let it be a single-digit figure. Then people will understand that we will reduce inflation next year, even if it will be difficult to implement the budget. The reduction of inflation is a priority,” he said.

The 2016 draft budget has been formed. It has been considered and approved by the government. The draft budget a package of documents regarding the social and economic development will be submitted to the head of state in the near future.