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from 20.02.2016

Andrei Kobyakov held a Council of Ministers session

Prime Minister of Belarus Andrei Kobyakov on February 20 held a session of the Council of Ministers, which discussed the results of socio-economic development in 2015.

Opening the meeting, the Head of the Government noted that in 2015 the high dependence of the economy of Belarus on foreign commodity markets  was demonstrated, which largely determined the outcome of its work. Of the nine most important parameters of the forecast holds four - CPI, GDP energy intensity, profitability of sales in the industry, foreign trade balance to GDP. Five indicators hadn't made - GDP growth, housing construction with support, labor productivity growth, export growth and real incomes.

The Head of the Government listed the tasks that were carried out last year. First of all, to ensure a balanced foreign trade - surplus of 205 million US dollars.. "These results in modern history, with surplus until 2015 were twice - in 2005 and 2012," - he recalled.

Improved balance of payments - current account deficit of the balance of payments for the first 11 months of 2015 compared to the same period in 2014 decreased by approximately 2.4 billion US dollars - from 5.8 to 3.1 percent of GDP. "It is also very good quality results", - Andrei Kobyakov said.

Tight monetary policy, flexible rate fixing, money supply control helped to keep inflation within the planned limits: the rise in prices - 12 per cent, the minimum value over the past 5 years. The stability in the consumer market was ensured. "Let slowly, but at the same time with a reduction in inflation and reduced interest rates on loans, - he stated. - So far, not enough, but nevertheless, for the year interest rate on new loans in the national currency, excluding preferential reduced by almost 10 percentage points - from 43.5% in January 2015 goals to 34.2% in January 2016 ". The Prime Minister stressed that the problem of reduction of interest rates on new loans continues to be one of the most important issues in the country's economy.

Andrei Kobyakov reminded that consolidated budget surplus for 2015 was 1.8% of GDP.

However, in the past year has not fulfilled a number of planned indicators. "First of all, we were not able to provide the planned dynamics in the industry and the economy as a whole, - the Prime Minister stated. - Compared with the level in 2014 reduced volumes of industrial production, construction, agriculture, trade. "

In this regard, there are serious questions about the work of line ministries, Andrei Kobyakov said. At the end of 2015 the Ministry of Architecture made only one of the 14 indicators, the Ministry of Industry - 2 out of 12, the Ministry of Agriculture and "Bellesbumprom" - 2 out of 10. Concern "Bellegprom" has not fulfilled any of the forecast indicators.

According to Prime Minister, at the beginning of 2016 the foreign markets continue to shrink, oil again dropped in price. Following the oil and devalued national currencies of major trading partners of Belarus, which could not but affect the mutual trade. In such circumstances, the general tendency - falling demand for investment products on the traditional markets of Belarus. "When you save these trends for 2016 we will have to take active steps to consolidate the budget, - the Prime Minister said. - So far, as I said, the current budget financing gap is estimated at 38.6 trillion. rubles, so we seriously reconsider the current capital expenditure budget, in connection with the expected in January slipped the volume of construction works - 81.5%, and investments in fixed assets - 80.7%. "

"Nevertheless, no one is exempt from execution of regulations Presidential Decree №504 regulations on the implementation of the most important parameters of the forecast of socio-economic development for 2016, - Andrei Kobyakov said.

Results of the individual sectors of the economy for 2015 discussed in detail on the boards held ministries, concerns and region executive meetings with the participation of the Head of Government and his deputies. Defined targets for 2016, are given specific instructions for their implementation. On the economic development of problem solving is necessary, first of all, to use internal reserves and to mobilize the staff, Prime Minister demanded.

The main problem for the Government, ministers, chairmen of corporations and local authorities: increasing exports and efficient import substitution, to ensure a balance of foreign trade; cost savings and a reduction in stocks of finished goods; providing a rigid staffing and production discipline; liberation of entrepreneurial initiative.

According to Prime Minister, the Government comprehensively reviewed the reserves to address targets - for further product and geographic diversification of export, return the overdue receivables, rational import substitution, cost optimization, reduction of stocks of finished products. "All decisions taken, communicated to each task, key performance indicators, - Andrei Kobyakov reminded. - It is necessary to complete the work of the enterprises, secure in the business plans approved by the problem. "

This year in Belarus the work of so-called "club of creditors." resumed. On this site should be developed key decisions on financial stabilization of enterprises in difficult economic situation, informed the Prime Minister. The necessary conditions for this are, first of all, lower costs, unloading warehouses, comprehensive implementation of the measures for financial recovery.

Among the main priorities - to activate the investment process. "Modernization of the economy can't be stopped. The implementation of the most important projects we'll support, "- the Prime Minister said.

He recalled that the requirements of the Head of State on the annual recruitment of employees on newly created jobs tightened - from 32 to 50 thousand.

The Head of the Government also demanded to take measures for the effective use of state property. "Today we have more than a million square meters of inefficiently used state property. This is a significant national resource that we must send to the goals of economic development, the creation of new jobs, "- Andrei Kobyakov said. More initiatives in this must come from the local authorities.

"All members of the Government at the fixed sites must work actively and rely solely on the results", - concluded Andrei Kobyakov.