Belarus’ PM: main economic parameters for 2026 are quite tense

The main economic parameters of the country's development for 2026 are quite tense – as stated by Prime Minister Aleksandr Turchin following today’s meeting with the President on draft forecast documents for the next year

In particular, the Government envisions GDP growth of 102.8 percent, and inflation of no more than 7 percent for 2026. It is expected that Belarusian exports will grow by 3.7 percent, and the real monetary income of the population – by 4.8 percent.

As noted by Mr. Turchin, the country faces difficult external conditions today due to the sanctions pressure, the situation on the Russian market, and the geopolitical situation in general. “It is very important to find a balanced approach here in order, on the one hand, to ensure economic growth, on the other hand, to avoid an imbalance – so that all indicators are interconnected,” he said, adding that the further improvement in the standard of living of Belarusian citizens should become the main result.

Commenting on the main economic parameters for next year, the Prime Minister shared his opinion, “The figures and indicators that we have proposed for consideration and approval by the President are very tense, and much effort is needed to meet these targets.”

Mr. Turchin emphasised that exports provide a significant part of GDP growth, and their increase is among the top priorities, “This task will be personalised for each official, company head, and a foreign institution. They must clearly understand in which countries' markets, what and in what volumes we should necessarily sell. I emphasise: not to supply, but to sell.”

The Prime Minister added that there are many events taking place in the world today that affect the Belarusian economy, and therefore it is necessary to be adaptive, “The situation can turn either one way or the other. The Government's task is to ensure that we are adaptive to these challenges. It is very important.”