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Ratio between industrial revenue growth and production growth in Belarus should be 101% in 2009

The ratio between the growth in revenue received from selling products, works and services and industrial output growth should be 101% in Belarus in 2009. This target is stipulated in Resolution No. 1011 of the Council of Ministers of Belarus, it was learnt from the Office of the Council of Ministers.

The government adopted a new socio-economic target for Belarus for 2009. This target is spelled out in Council of Ministers’ Resolution No. 1418 of 26 September 2008. This target is related to the ratio between the revenue growth from selling products, works and services and industrial output growth. The industry should meet a target of 96.5% in January-September 2009 and 101% in 2009 in general, including the Industry Ministry 97% (103%), Ministry of Agriculture and Food 101% (103%), Ministry of Architecture and Construction 98% (103%), Belneftekhim concern 94% (100%), Bellesbumprom concern 102.7% (103.6%), Bellegprom concern 105% (110%), Belbiopharm concern 100% (102%), Belgospishcheprom concern 101% (101%). 

Similar targets have been set for the organizations subordinate to the executive committees.

Starting this year the Belarusian Statistics Committee calculates and publishes new statistical analytical material on this ratio. In January-May this year the ratio made up 91.6% over the same period last year. It increases on a monthly basis. Thus, in January it was 85.9%, in January-February 88.5%, in Q1 90.8%, in January-April 90.9%. The ratio of 100% will mean that the products manufactured are sold and that warehouse stocks reduce.



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