Belarus sets 2026 economic growth target at 2.8% under presidential decree

Belarusian President Alexander Lukashenko has signed a decree, approving the country’s key economic forecast parameters for 2026, with a focus on maintaining economic stability and improving living standards.

Under the decree, Belarus’s gross domestic product (GDP) is expected to grow by 2.8% compared to 2025. The government aims to achieve this through higher investment in fixed capital, stronger export performance, and rising household incomes, Caliber.Az reports per Belarusian media. 

Investment from all sources is projected to increase by 3.1%, while exports of goods and services are forecast to grow by 3.7%, driven primarily by greater physical output. The government plans to expand cooperation with partners in more distant markets and restore Belarus’s presence in traditional CIS (Commonwealth of Independent States) markets.

Real disposable household income is expected to rise by 4.8%, reflecting targeted efforts to boost export capacity and economic quality.

The National Bank of Belarus and the government have also set an inflation ceiling of 7% for 2026, aiming to contain price growth while supporting stable economic development.

The decree requires the government to draft and approve a detailed socio-economic development plan for 2026, which will serve as the main instrument for implementing these policy objectives.

By Sabina Mammadli