Leanid Zlotnikau: Country Leaders “Ate Away” 150 Billion

The economic indices show that there is a huge hole in the Belarusian “stability” boat.

Lukashenka announced a very hard year for us. He probably knew also about the enormous sums of loans, which Belarus should repay to the foreign creditors. The economic indices show that there is a huge hole in the Belarusian “stability” boat, belsat.eu reports.

“The Belarusian economy seems to be losing competitiveness. It can be clearly observed at the example of export. The main thing here is not the decrease of the foreign trade scopes – export and import fell by a third for two years. Belarusian goods seem no longer competitive at external markets. The industry’s import capacity is growing – 63% in 2016. All this will lead to the lack of currency to maintain the production and the wages level,” – economist Leanid Zlotnikau summarizes.

Without the external support, the revenues of the population may decrease by 15% in 2017, the expert notes.