According to the forecast of socio-economic development in 2011, approved by president of Belarus Alexander Lukashenko in the decree № 596 of November 19, Belarus' foreign trade in goods and services will reach minus 9% of GDP. The growth of foreign trade deficit will be driven by higher prices for imported energy and the faster rate of investment growth in comparison with GDP, the Ministry of Economy explained.
As it became known to Telegraf, more than Br68 trillion of investments in fixed assets will be allocated to the economic development in 2011. Their volume will increase by 16-17% compared with 2010.
7.5 million square meters of housing area are also scheduled to be commissioned, the Ministry of Economy said.
Foreign resources, especially foreign direct investment (FDI), the attraction of which is a priority for state investment policy, will become the most important source of investment, the ministry noted.
According to Telegraf, an order, approving the most important parameters of socio-economic development of the republic for 2011, provides 108.3-112.3% growth rate of real wages. In addition, according to the document, the GDP growth rate in Belarus should reach 108-109%.
