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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of October 31, 2018 No. 774

About approval of the Program of activities of the Government of the Republic of Belarus for 2018-2020

According to article 106 of the Constitution of the Republic of Belarus the Council of Ministers of the Republic of Belarus DECIDES:

1. Approve the enclosed Program of activities of the Government of the Republic of Belarus for 2018-2020 (further - the Program).

2. To provide to the republican state bodies and other state organizations subordinated to the Government of the Republic of Belarus, regional executive committees and the Minsk Gorispolkom annually till March 1 of the year following reporting in the Ministry of Economics information on the course of accomplishment of the Program and if necessary to make offers on its refining.

3. Annually till April 1 of the year following reporting to provide to the Ministry of Economics in Council of Ministers of the Republic of Belarus the summarized information on the course of accomplishment of the Program with introduction in need of offers on its refining.

4. To impose control over the implementation of this resolution on deputy prime ministers of the Republic of Belarus according to the supervised directions.

5. This resolution becomes effective from the date of its acceptance.

Prime Minister of the Republic of Belarus

S. Rumas

Approved by the Resolution of Council of Ministers of the Republic of Belarus of October 31, 2018 No. 774

The program of activities of the Government of the Republic of Belarus for 2018-2020

Introduction

The economy of the Republic of Belarus is in recovery stage. After two years of recession since 2017 the exit to growth trajectory is provided. The taken measures allowed to stabilize macroeconomic situation and to recover investment activity.

Inflation decreased to unambiguous size and reached historical minimum. It promoted decrease in interest rates in economy more in high gear, than was predicted, and exerted positive impact on recovery of business activity.

Carrying out the weighed budget and financial and monetary policy allowed to stabilize indicators of paying balance of the country, to liquidate excessive demand for currency, to provide balance of the domestic foreign exchange market. Significantly volatility of the national currency rate decreased. Accomplishment of internal and external obligations of the state is provided timely and in full.

Revival of all sectors of economy and creation of necessary conditions for increase in the salary level became result of recovery.

At the same time the unstable external economic situation, high dependence of the country on external environment and the remaining internal problems connected with high debt load on economy, debt load and insufficient overall performance of the companies of public sector create risks of stability of the current growth trend.

Realization of system measures is necessary for acceleration of rates of economic growth to the values exceeding the average world level and forming on this basis of prerequisites for growth in prosperity of the Belarusian citizens the advancing rates. The purpose of these measures - increase in competitiveness of the Belarusian economy to the level allowing to reduce negative impact of external tactical factors on economic growth and to provide the long-term potential of sustainable social and economic development of the country, creation of opportunities for further dynamic increase in real incomes of the population.

This Program answers priorities, the purpose and tasks of the Program of social and economic development of the Republic of Belarus for 2016-2020 approved by the Presidential decree of the Republic of Belarus of December 15, 2016 No. 466 (The national legal Internet portal of the Republic of Belarus, 27.12.2016, 1/16792), and also includes the tasks set by the Head of state on April 24, 2018 in case of the address with the Message to the Belarusian people and National assembly of the Republic of Belarus.

This Program covers the main spheres of economy and the public relations and contains key activities of the Government of the Republic of Belarus in the field of social and economic development. In the document specific objectives for heads of state bodies are determined, measures and mechanisms of their decision are proposed, and also the indicators characterizing results of accomplishment of these tasks are given.

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