MINSK, Oct 11 (BelTA) – Positive trends are the main ones in the economy, Belarusian Deputy Minister of Economy Dmitry Yaroshevich told BelTA when asked about GDP projections for January-September 2022.
According to Dmitry Yaroshevich, the rate of expansion of the Belarusian economy will be 95. 3% in January-September, 0. 2 percentage points higher than in August.
The official said that the superior yields of cereals, rapeseed and effective paints of cereal producers and the superior production of agri-food products have supported positive economic trends. Forage is harvested at a smart rate. The livestock industry will be well supplied with animal feed, while the population will be well supplied with meat, milk and other food. “It represents a really important contribution to the country’s food security and new export opportunities. We also hope that the production industry will make a greater contribution to economic expansion through the expansion of the production of the mechanical industry, the wood industry and the food industry,” said the Deputy Minister of Economy.
The balanced picture of the genuine sector is the key outcome of the measures the government is taking for the economy, Dmitry Yaroshevich noted. The positive dynamics of the monetary functionality of Belarusian companies testify to this. Its revenue grew faster than base prices to 0. 9 percentage issues in January/July 2022. Profit margins are 0. 8 percentage problems above last year’s level. The percentage of loss-making organizations and the debt burden are decreasing. A decade-long surplus: $3. 5 billion. These foreign exchange earnings will become something more in the stability of the Belarusian economy, the official said. He expects Belarus’ GDP to continue growing month after month.