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3 Feb 2017

Efficient economic performance essential for raising salaries, pensions in Belarus

Efficient economic performance essential for raising salaries, pensions in BelarusMINSK, 3 February (BelTA) – The increase in salaries and pensions can be driven by the efficient operation of the economy, Belarus President Alexander Lukashenko said at the meeting with the members of the public, representatives of the Belarusian and foreign mass media on 3 February, BelTA informs.

“Salaries and pensions can be increased only in case we produce more products, better products, and sell them at higher prices,” the head of state said. “There is another way: something can borrowed or taken from someone. But this is not our way. Our state and corporate debts are rather big today. Do not hope that we will borrow money to raise salaries and pensions.”

Alexander Lukashenko stressed that, first of all, it is essential to focus on the manufacturing sector. He stressed that the growth rate of salaries should not exceed the growth in labor productivity.

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