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LAW OF THE REPUBLIC OF BELARUS

of May 5, 1998 No. 157-Z

About the state forecasting and programs of social and economic development of the Republic of Belarus

Accepted by the House of Representatives on April 9, 1998

Approved by Council of the Republic on April 17, 1998

This Law determines the purposes and content of system of the state forecasts of social and economic development of the Republic of Belarus and programs of social and economic development of the Republic of Belarus, and also general procedure for development of the specified forecasts and programs.

Main goals of development of forecasts of social and economic development and programs of social and economic development are achievement of sustained economic growth, high degree of employment, price stabilization, the external economic balance and on this basis - increase in level of living of the people.

The state forecasts and programs of social and economic development are used in case of adoption of decisions by republican state bodies in the field of social and economic policy of the state.

Article 1. The basic concepts applied in this Law

The state forecasting of social and economic development of the Republic of Belarus - activities of state bodies for development of the state forecasts of social and economic development for long-term, medium-term and short-term prospects.

The forecast of social and economic development - system of evidence-based ideas of the directions, criteria, the principles, the purposes and priorities of social and economic development of the Republic of Belarus for the corresponding period with indication of the main predicted indicators, target reference points and measures for ensuring their achievement.

Article 2. System of the state forecasts of social and economic development of the Republic of Belarus

The system of the state forecasts of social and economic development of the Republic of Belarus includes:

for long-term outlook - the national strategy of sustainable social and economic development of the Republic of Belarus for 15 years (further - the national strategy of sustainable social and economic development) and the main directions of social and economic development of the Republic of Belarus for 10 years (further - the main directions of social and economic development);

for the medium term - the program of social and economic development of the Republic of Belarus for five years (further - the program of social and economic development);

for the short-term period - the annual forecast of social and economic development of the Republic of Belarus (further - the annual forecast of social and economic development).

Development of the state forecasts of social and economic development of the Republic of Belarus (further - forecasts of social and economic development) on long-term, medium-term and short-term prospects is provided with Council of Ministers of the Republic of Belarus.

Forecasts of social and economic development are developed proceeding from the complex analysis of the developed social and economic, demographic and ecological situation, scientific and technical and production capacities of the Republic of Belarus, external conditions, condition of natural resources and the prospect of change of the specified factors.

Forecasts of social and economic development are developed in general on the republic, on economic complexes and industries of economy, on administrative and territorial units.

Forecasts of social and economic development are developed in several options taking into account probabilistic impact of internal and external political, economic and other factors.

Forecasts of social and economic development include quantitative indices and quality characteristics of macroeconomic situation, economic and social structure, scientific and technical development, foreign economic activity, dynamics of production and consumption, level and quality of life, ecological situation.

Article 3. State forecasting of social and economic development of the Republic of Belarus for long-term outlook

The state forecasting of social and economic development of the Republic of Belarus for long-term outlook determines social and economic and scientific and technical policy of the state on prospect and includes development of national strategy of sustainable social and economic development and the main directions of social and economic development.

National strategy of sustainable social and economic development is developed once in five years for the 15-year period in two and a half years prior to the beginning of the predicted period.

In the national strategy of sustainable social and economic development are determined taking into account state of environment of the direction of effective use of demographic, social, natural, production and innovative capacities of the country.

On the basis of the national strategy of sustainable social and economic development once in five years in two years prior to the beginning of the predicted period is performed development of the main directions of social and economic development for the 10-year period (with yearly breakdown of the first half of the period).

In the main directions of social and economic development the purposes of social and economic development of the Republic of Belarus, way and means of their achievement are determined.

This to the national strategy of sustainable social and economic development and the main directions of social and economic development for long-term outlook are subject to publication.

For the purpose of ensuring succession of social and economic policy of the state data of the main directions of social and economic development are used in case of development of programs of social and economic development for the medium term.

Article 4. The program of social and economic development of the Republic of Belarus for the medium term

The program of social and economic development for the medium term is developed in year prior to the beginning of the predicted period for five-year term.

For the medium term shall be reflected in the program of social and economic development:

assessment of results of social and economic development for previous period and the characteristic of state of the economy of the Republic of Belarus;

the concept of the program of social and economic development of the Republic of Belarus for the medium term;

macroeconomic policy, including budget and tax, monetary and monetarist policies;

institutional transformations;

investment and structural policy;

foreign economic activity;

development of real production sector;

social policy;

environmental problems and environmental protections.

The program of social and economic development for the medium term affirms the President of the Republic of Belarus.

These programs of social and economic development for the medium term are used in case of development of the forecast of social and economic development for short-term outlook.

Article 5. State forecasting and planning of social and economic development of the Republic of Belarus for short-term outlook

The forecast of social and economic development for short-term outlook is developed annually.

Join in the annual forecast of social and economic development:

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