News & Events in Belarus

Lukashenko approves Belarus’ key economic targets for 2027

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MINSK, 30 September (BelTA) – Belarusian President Aleksandr Lukashenko signed Decree No. 342 on 30 September, approving the key socio-economic development indicators and targets for 2027, the press service of the head of state told BelTA.

The document aims to ensure effective economic growth and qualitative social development for the country.

Gross Domestic Product (GDP) growth is targeted at 101.9% compared to 2026. To achieve this, the investment program will be accelerated, with fixed asset investment set to increase by 3.1%, which in turn will drive growth in the country’s manufacturing and production sector.

A 2.9% increase in export sales of goods and services will be driven by a broad geography of foreign trade contacts and expanded cooperation with key economic footholds in the People’s Republic of China, the Russian Federation, the CIS and other countries.

The successful implementation of investment, production, and export plans will ensure a 3% growth in the population’s real disposable money income.

The National Bank and the government are tasked with a target to limit inflation to a level not exceeding 6%.

To achieve the designated targets, the government is instructed to approve the socio-economic development plan for 2027 within two months.

Belarus’ monetary policy targets for 2027 okayed

MINSK, 30 September (BelTA) – Belarus President Aleksandr Lukashenko signed decree No.343 on 30 September approving the monetary policy targets for 2027. The document was adopted to create conditions for sustainable economic growth, the press service of the head of state told BelTA.

The list of targets meets the requirements for the work of the National Bank and the banking system as a whole – facilitating economic growth while maintaining price stability and financial stability.

The decree sets the following parameters:

• consumer price growth – no more than 6%;
• international reserve assets – at least $12.8 billion (the most important indicator of the country’s economic security and its financial sustainability);
• the share of non-performing bank assets in assets exposed to credit risk – no more than 10% (maintaining this level will ensure the stability of the entire banking system);
• an increase in investment financing – at least 13% (to support investment lending).

Lukashenko approves submission of 2027 fiscal package to parliament

MINSK, 30 September (BelTA) – On 30 September, Belarusian President Aleksandr Lukashenko approved the submission of the 2027 budget and tax package to the House of Representatives of the National Assembly of Belarus, the press service of the Belarusian leader told BelTA.

Following the president’s approval, the bills “On the 2027 national budget”, “On amending the Tax Code of the Republic of Belarus”, and “On the 2027 budget of the state extra-budgetary social protection fund” will be submitted to the House of Representatives.

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