Belarus has no intention of abandoning the practice of price control. This was stated by the President of Belarus, Alexander Lukashenko, while hearing a report on the performance of the banking system and measures taken to support foreign trade activities, as reported by a BELTA correspondent.
One of the significant issues the head of state focused on concerned the control of the pricing system in the country. The President recalled that not only the National Bank but also the government bears responsibility for inflation and price increases in Belarus, carrying a certain burden.
"On my instruction, the government has taken certain measures to bring the pricing system under control," said Alexander Lukashenko. "I observe that we are succeeding in controlling the pricing system and, to some extent, curbing prices."
"We will not deviate from this practice. The system of price control, this entire complex, will only be strengthened," emphasized the head of state. "This task has been set for the government. I ask the National Bank to keep this in mind and to do everything necessary so that people are less resentful of us due to price increases and inflation in the country."
The President pointed out that the state does not intend to interfere and limit price growth where it is not necessary, or, conversely, to observe unjustified price increases without taking appropriate measures.
"We want to develop a coherent system of price control," explained Alexander Lukashenko. "Some may like it, some may not. But the decision has been made by me, and it is subject to execution."
As reported to the head of state by the Chairman of the Board of the National Bank, Pavel Kallaur, overall, the National Bank, the banking system, in cooperation with the government, are ensuring key objectives, price and financial stability, and the country's economic development tasks. According to him, there are currently no specific issues requiring resolution at the presidential level: "We are resolving these issues calmly and professionally with the government."