Based on the welfare of citizens: Panel on the parameters of socio-economic development for 2027

Economy Minister Yuri Chebotar commented on the most important indicators and parameters of socio-economic development for 2027 approved by Presidential Decree No. 342. The head of the Ministry of Economy drew attention to the fact that all indicators are linked to the program of socio-economic development for 2026-2030.

The minister stated:

- The basis is the welfare of citizens, so everything is aimed at solving this main task.

Yuri Chebotar described in detail how the country will develop and achieve its goals:

- First of all, it is an export program. Exports are expected to grow by 2.9%. We continue the trajectory of developing new markets, including the “far arc”. Our exporters will be supported within the framework of the existing main mechanisms - Decrees No. 466 and No. 534. In addition, an experiment was launched to support logistics in the countries of the far arc. All this, of course, will create a framework for carrying out export tasks. Directive No. 9 “On the practical content of the all-weather and comprehensive strategic partnership of the Republic of Belarus with the People’s Republic of China” is also being implemented. This is our second trading partner. We expect corresponding results both in export and technological development.

The second area is the investment program. Investment growth is planned for 2027 by 3.1%. First of all, we are talking about the modernization of the real sector of the economy, the emergence of new industries.

The key is commercial projects. We have more than 650 of them in our basket. The implementation of projects within the framework of the One District, One Project initiative and the Regional Initiative will continue. We focus all our enterprises on the accelerated pace of updating machines and equipment. Presidential decree “On stimulation of robotization” was adopted. Important are the growth of labor productivity, our competencies, technological self-sufficiency, as well as the implementation of joint projects with other countries, added Yuri Chebotar.

Speaking about housing construction, the head of the Ministry of Economy noted that special emphasis will be placed on rental housing:

Rental housing will grow at a rate of about 1.5 times. This will ensure the fulfilment of the tasks we have approved under the five-year programme. All this will create certain conditions for the growth of the welfare of the population.

The minister said that the growth of real disposable cash incomes of the population is planned to be provided by 3%.

- But that's not the limit. We are confident that wages will grow at a higher rate, including thanks to the modernization of our enterprises. To contribute to the growth of real incomes will be moderate inflation rates — no more than 6%. There are prerequisites for this, including a good harvest this year, said Yuri Chebotar. GDP in 2027 will grow by 1.9% to the level of 2026. The increase is planned for about 7 billion dollars with a level of about 114-114.5 billion dollars. GDP per capita will grow, including at purchasing power parity.

sichevich@sb.by