MINSK, 30 June (BelTA) – The government is taking the right steps to stabilize the Belarusian economy, Chairman of the Council of the Republic Anatoly Rubinov said on the eve of the last 6th session of the Council of the Republic on 30 June, BelTA has learnt.
“Indeed, the current situation in Belarus is rather challenging; the prices have increased; foreign currency issues have emerged. However, this has nothing to do with flaws of our development path or policy,” Anatoly Rubinov emphasized.
He noted that over the last ten years the Belarusian economy was firing on all cylinders. The financial breakdown, in his opinion, was caused by the increase in foreign currency spending, in particular, on oil and electric energy, while the revenues from selling Belarusian goods have shrunk.
“We did not pay attention to these processes in time, however, the situation is not that bad,” Anatoly Rubinov said. Such economic failures happen in all countries.
He underlined that at present the Belarusian government is doing its utmost to reverse the negative trends. “Had we put all the available foreign currency reserves on the market, this would have pushed up the prices automatically and consequently hit businesses and households,” Anatoly Rubinov said.
He added that an action plan was developed to bring the exchange market back on track. In his words, the exchange rate will be balanced by the end of the year.
“What is happening today is a test for people and we need to stick together,” Anatoly Rubinov underlined. The most vulnerable categories of the population will receive one-off payments. Pensions and salaries will be increased little by little.
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