21 January 2018, Sunday, 23:01

Lukashenka: GDP rate won't reach 2%


The state of the Belarusian economy was catastrophic in 2012.

Lukashenka heard the report by Prime Minister Mikhail Myasnikovich on January 14 and turned his attention to the low GDP growth rate in the country, the press service of the dictator reports.

“Our economy has made certain progress, which was mentioned by you and our ministers at the end of the year. However, there are some negative factors that put us on our guard. We should come to grips with them. It would be strange if it did not happen against the backdrop of the deteriorating global economy, at least in the European Union, because our cooperation, just like our ties with the Russian Federation, is equally important,” Lukashenka noted.

Preparation for a large-scale upgrade of the manufacturing sector was the main issue at the meeting, the press service informs.

Lukashenka said the rate of modernisation and measures to improve economy and production should not slow down. The head of state asked to inform him about government's plans for 2013 in this direction and asked how officials solved the acute problems of Belarusians.

Lukashenka warned against chaos in implementation of the modernisation programme, but stressed that every enterprise should be involved in the process.

He ordered to spend money wisely, because the modernisation would mostly affect state-run companies. At the same time, the government is ready to support modernisation and upgrade processes at private companies or those with government's share, he says.

Mikhail Myasnikovich noted that economy demonstrated stable growth. According to him, every enterprise, every executive committee and every ministry should have a closer look at modernisation issues. “Spending money and not receiving new products is a crime,” Myasnikovich says.

Some independent economists think Belarus's GDP went down in 2012. This conclusion can be drawn from government's attempt to increase GDP figures for past 2012. Even the dictator admits that the GDP growth was almost zero. It should be reminded that the GDP slump in 2011 in dollar terms was at least 30%.