Events

Belarus’ government, central bank urged to abandon ‘euphoria’ over macroeconomic stability

MINSK, 17 February (BelTA) – The government and the National Bank must move away from the euphoria of macroeconomic stability and delve more thoroughly into sectoral issues, Belarusian President Aleksandr Lukashenko said while receiving the government’s report for 2025 on 17 February, BelTA has learned.

The president stated that last year delivered only modest economic growth for the regions and the country. GDP reached 101.3% of the 2024 level, falling short of the 104% target. “Most indicators in the government’s task matrix are in the red zone - GDP, exports, inflation, warehouse stocks, costs,” the president emphasized.

Aleksandr Lukashenko believes that the government is still not delving deeply enough into sectoral problems and the situation at a number of significant enterprises. “Do you prefer to remain with the National Bank in the euphoria of macroeconomic stability?” the president posed the question.

“But people live at the micro level,” the Belarusian leader noted.

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