PM: Half Of GDP Growth In 2017 Should Come From “New Economy”

Andrey Kobyakov, the new Belarussian prime minister, is seen in this file photo taken in Minsk, July 18, 2012. Belarussian President Alexander Lukashenko has appointed Andrey Kobyakov, his chief of staff, as the new prime minister, dismissing the previous prime minister, central bank head and some other ministers, the presidential press service said on December 27, 2014. Picture taken July 18, 2012. REUTERS/Vasily Fedosenko/Files (BELARUS - Tags: POLITICS) - RTR4JDBK

Prime Minister of Belarus Andrei Kobyakov outlined the main features of a new economic matrix of the country that should allow to reach socio-economic targets set for 2017.

A big role in the GDP growth is given to the so-called “new economy”, the official said at a government meeting on 29 November.

Customized targets should be set for every quarter, PM said, and officials of all levels should work hard to achieve concrete results.

The main objectives for the next year are to enhance the efficiency of production of goods and services and lower production costs, increase and diversify exports, create new jobs, attract direct foreign investment, as well as address other priorities in socio-economic development.

Andrei Kobyakov added the 2017 forecast also determines the structure of GDP growth.

Namely, it is planned that half of it will come from the existing enterprises, while the other one – from the so-called “new economy”.

“In practice we plan to do it through the development of small and medium-sized business, creation of new companies, new jobs, and the attraction of foreign investment”, the minister said.

He asked the National Statistical Committee and local authorities to join the Ministry of Economy to work out a complete and properly structured task matrix for the whole vertical of power.

Source: TUT.BY