Myasnikovich’s economic revival program not to be fully implemented

At the Presidium of the Council of Ministers meeting, Prime Minister Mikhail Myasnikovich identified Belarus’ key priorities for the economy in 2014: balanced economic growth and efficiency.

The Belarusian authorities aspire to stabilize the economy ahead of the 2015 presidential campaign through a series of unpopular measures. President Lukashenko does not want to be associated with such decisions and shifts the responsibility for their adoption and implementation to the government. However, the measures announced by Prime Minister Mikhail Myasnikovich, aiming to improve the Belarus’ economy, cannot be implemented in full because they threaten the existing socio-economic model.

Nevertheless, persistence and consistency might help the government to achieve some success and somewhat improve the economic situation, which means softer social policies right before the 2015 presidential elections.