MINSK, 27 July (BelTA) – Belarus’ GDP will grow by at least 11% in 2010, Economy Minister of Belarus Nikolai Snopkov told a session of the Council of Ministers on 27 July.
“The achievement of the necessary growth rate by GDP-forming industries, the fulfillment of the system decisions adopted by the government, including program products that the industries have adopted, will allow securing the GDP growth rate as large as at least 111% and achieving the targeted goals of 2010,” said the Minister. Targets of the five-year program will be hit except for the import of commodities and services, the share of foreign investments in the total volume of investments, and the dynamics of the average annual number of the resident population.
According to Nikolai Snopkov, in order to fulfill the tasks, successfully end the year and the five-year term as a whole, it is necessary to reach the targeted salary growth, primarily by reducing costs in the real economy. It is necessary to attract the planned amount of investment resources and to use them effectively. In addition, it is necessary to reduce the overall materials consumption and materials consumption in key branches of the industry, agriculture and civil engineering. According to the Minister, it is also necessary to ensure the fulfillment of tasks set by the step-by-step strategy on the balance of the foreign trade in commodities and services, to improve the financial status of enterprises, primarily through liquidating external overdue accounts receivable.
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