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Incomes of the Belarusians Continue to Fall

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Incomes of the Belarusians Continue to Fall

Prospects for increasing incomes of the Belarusians are up in the air.

According to the National Statistical Committee, in 2015 households (530.620 families) voiced their discontent with the level of their money income. To compare: in 2014 their share was equal to 15.8%. The percentage of families with two or more children under 18 years old exceeds 20%, Zautra Tvaye Krainy informs.

Meanwhile, real incomes and real wages continue to fall in Belarus.

Zhaliba: Are other families satisfied then?

Doctor of Economics Barys Zhaliba questions the true picture of the data of the National Statistical Committee.

Are other Belarusians satisfied with their income? I think most of them do not agree. Let's compare incomes with ones of our neighbours - the Poles, the Lithuanians, the expert suggests.

According to him, prospects for increasing incomes of the Belarusians are up in the air.

- According to the same statistics, the nationwide average real income excluding taxes and payment of utility services have decreased by 7% since the beginning of the year. The trend is negative and it is picking up speed. Prognosis is poor. I do not think that something is to change this or next year, Barys Zhaliba says.

Authoritative international financial institutions of the IMF and the World Bank predict that the GDP of our country will be in red in 2016 and 2017.

Kruk: The situation is unlikely to change for the better

- This year the level of income is also being reduced, so there is little hope that the situation will change for the better in the near future. Most likely, it will get worse, expert of BEROC Dzmitry Kruk says.

According to him, this year the income stabilization cannot be expected.

- I think that this year we will still observe the reduction of salaries, the fall in real incomes. Next year they will fix themselves at the level of 2014 year, Dzmitry Kruk predicts.

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