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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 5, 2016 No. 274

About approval of the Program of activities of the Government of the Republic of Belarus for 2016-2020

(The last edition from 25-09-2017)

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 2016-2020 (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, 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

A. Kobyakov

Approved by the Resolution of Council of Ministers of the Republic of Belarus of April 5, 2016 No. 274

The program of activities of the Government of the Republic of Belarus for 2016-2020

Introduction

This Program submitted for consideration of National assembly of the Republic of Belarus based on article 106 of the Constitution of the Republic of Belarus contains priorities and the main activities of the Government of the Republic of Belarus in the field of social and economic development in 2016-2020 and the medium term.

Recovery of the balanced economic growth for increase in level and quality of life of the population of the Republic of Belarus is the main priority of work of the Government of the Republic of Belarus. Three strategic objectives are set: employment, export, investments.

It is possible to reach the specified priority by realization of complex of the consecutive and interconnected institutional changes directed to system increase in competitiveness of economy, decrease in its dependence on external environment, the solution of the tasks set in the Presidential decree of the Republic of Belarus of February 23, 2016 No. 78 "About measures for increase in efficiency of social and economic complex of the Republic of Belarus" (The national legal Internet portal of the Republic of Belarus, 24.02. 2016, 1/16297).

Provisions of this Program answer priorities, the purpose and project tasks of the Program of social and economic development of the Republic of Belarus for 2016-2020 which is developed by the Government of the Republic of Belarus, and also to orders of the Head of state, data at meetings on social and economic development of the country at the beginning of 2016.

Chapter 1. Risks of social and economic development of the Republic of Belarus and measure of counteraction by it

Owing to impact of extremely adverse external factors, liquidation of earlier saved up macroeconomic disproportions in economy of the Republic of Belarus decrease in rates of its development is observed. The gross internal product (further - GDP) in 2015 decreased on percent 3,9 in comparison with 2014.

Coordination of the salary with labor productivity, the refusal of issued crediting of economy, reduction of the income of the organizations and the budget in connection with sharp deterioration in external economic conditions led to reducing internal consumption and investments.

The Republic of Belarus realized by the Government and National Bank of measure of macroeconomic stabilization provided in the Program of activities of the Government of the Republic of Belarus for 2015 approved by the resolution of Council of Ministers of the Republic of Belarus of February 18, 2015 No. 110 (The national legal Internet portal of the Republic of Belarus, 25.02.2015, 5/40151), allowed to carry out adaptation of economy to essentially new external economic conditions. The scenario approach to macroeconomic forecasting implemented in 2015 in the conditions of high uncertainty of external factors was repaid: the right choice of basic external conditions and adequate measures of economic policy was made. During 2015 budget and financial and monetary policy, transition to the flexible exchange rate of Belarusian ruble to basket of currencies indicators of paying balance of the country allowed to improve timely toughening qualitatively, to provide stability in the foreign exchange market, to reduce inflation. The created surplus

the consolidated budget it is directed to repayment of public debt. Internal and external obligations of the state were fulfilled in full.

At the same time the new wave of negative external factors worsens possibilities of bystry recovery of growth of national economy. Against the background of recession in the countries - the main economic partners of the Republic of Belarus, and also taking into account the reduced prices of primary goods economy growth prospects for the short-term period are represented difficult. High uncertainty of rather basic external operating conditions of economy in 2016 and the medium term remains.

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