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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of February 18, 2015 No. 110

About approval of the Program of activities of the Government of the Republic of Belarus for 2015

Based on 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 2015.

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

Prime Minister of the Republic of Belarus

A. Kobyakov

Approved by the Resolution of Council of Ministers of the Republic of Belarus of February 18, 2015 No. 110

The program of activities of the Government of the Republic of Belarus for 2015

Chapter 1. Introduction

The open and export-oriented Belarusian economy is as a result of sharp negative change of external economic environment and terms of trade. Despite global economic environment, narrowing of the markets of the main trading partners, deep devaluation of their national currencies, competition aggravation in the traditional foreign markets, decrease in world oil prices, in the country remains economic and social stability.

In the conditions of radical deterioration in the external economic situation activization of the new factors of economic growth adequate to the changed external conditions, and also enhancement of system of state regulation is necessary for strengthening of potential of long-term sustainable social and economic development. For this purpose there are necessary conditions - political and social stability, the developed human capital, the system of institutes of the government providing realization of economic policy, large industrial and construction complexes, the developing service industry.

The main activities of the Government of the Republic of Belarus for 2015 are reflected in this Program submitted for consideration of National assembly of the Republic of Belarus according to the Constitution of the Republic of Belarus. Strategic objectives and tasks of development of the country for 2016-2020 will be reflected in the Program of social and economic development of the Republic of Belarus on the next five-years period developed by the Government of the Republic of Belarus now in interaction with representatives of business, the scientific organizations and public associations.

Chapter 2. The purposes, tasks and the basic principles of activities of the Government of the Republic of Belarus for 2015

Main goal of activities of the Government of the Republic of Belarus in 2015 - ensuring macroeconomic and social stability in the conditions of increase of external challenges and threats, high-quality completion of the current five-years period and creation of conditions for dynamic economic development of Belarus in 2016-2020 and long-term outlook.

The most important tasks of activities of the Government of the Republic of Belarus in 2015 are:

carrying out effective macroeconomic and monetary policy for ensuring stability of economy and social stability;

efficient anti-inflation policy, protection of the domestic consumer market and domestic producer from unfair competition;

upgrade of system of state regulation by economy;

development of the competition, small and medium business;

building-up and diversification of export, increase in efficiency of functioning of goods distribution networks, systems of support of export;

the most effective use of again entered and modernized production capacities, decrease in materials consumption of production;

increase in efficiency of investing activities, ensuring equal access to financial resources of the organizations of all patterns of ownership;

realization of system of measures for transition to rendering the state support on competitive basis and it is exclusive within accomplishment of state programs and actions;

consecutive deepening of integration within the Eurasian Economic Union in case of anticipatory upholding of national interests, carrying out multivector external economic policy;

creation of conditions for stimulation of business activity and initiative of citizens;

development of the Program of social and economic development of the Republic of Belarus for 2016-2020 and forming of normative legal and organizational conditions for its successful realization.

The government of the Republic of Belarus will organize the work on the principles:

systemacities, complexity and efficiency of decision making;

initiative and personal liability of all members of the government of the Republic of Belarus;

estimates of activities of members of the government of the Republic of Belarus and heads of all levels of management on the achieved resulting effects;

openness and transparency of the activities, expansion of practice of public discussion of strategic documents and the major decisions;

equalities of all patterns of ownership;

non-interference to fair competition;

separations of functions of the owner and the regulator in management of the companies with the state ownership ratio.

The approved forecast documents for 2015 (the most important parameters of social and economic development, the Main directions of monetary policy, the budget) 83 US dollars for barrel and rate of Russian ruble - 43 Russian rubles for US dollar, annual average refunding rate of National Bank of the Republic of Belarus of 16 percent, the annual average exchange rate of 11 400 Belarusian rubles for US dollar are developed proceeding from annual average oil prices. At the time of development of forecast documents these parameters were realistic.

At the same time the current development of the situation is characterized by considerable deterioration in external factors. For the purpose of ensuring macroeconomic adjustment, decrease in imbalances in the foreign exchange market and pressure upon gold and foreign exchange reserves in December, 2014. The government of the Republic of Belarus and National Bank quickly took the following response measures:

transition to the flexible mode of exchange rate formation mechanism;

optimization of crediting of state programs, including housing construction;

tough coordination of growth rates of the salary and labor productivity;

the organization of work with the largest borrowers in the real sector on refinancing and restructuring of their debt to bank system.

Besides, the Government of the Republic of Belarus and National Bank prepare scenario forecasts of development of economy of Belarus for 2015 depending on oil price and dynamics of rate of Russian ruble which are the most unpredictable parameters influencing macroeconomic country situation.

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