Before the elections, rising wages, after the election — prices and inflation

On November 1, in Belarus increased the tariff rate of the first rank, the minimum wage, labor and social pensions, as well as the size of the living wage and state benefits. Moreover, the pension increase third time this year by 10%, salary-31%.

Tariff rate of the first category, calculated on the basis of which the compensation of employees of budgetary institutions increased by 31%. The minimum wage in November-December is set to 400 thousand rubles, that is, increased by 54.7%. Based on the previous wage increase in September, the beginning of the salary in Belarus in dollar terms will grow by almost 40%, calculated the head of the analytical center "Strategy" Leonid Zaika. Such a powerful leap joyfully first impact on the population. Well, what happens next? Economist Leonid Zaika makes this prediction:

Leonid Zaika

"The main thing — to hold elections. And then the prices start to rise. Population by myself feel that salaries have increased by 30%, and prices will rise, for example, by 25%. Moreover, the rise in prices will hide on the statistics are, it is always usually the in such situations. Well, I congratulate: we became members of an unprecedented experiment. "

Economist Alexander Kovalev What about the generosity of the government before the elections expressed this thought:

"In the budget, of course, these funds have been provided. So how will behave Ministry of Finance, I do not know. Whether it will be redistribution from other directions, or maybe just increase the deficit of the state budget, to be covered by any additional loans and credits, or simply emission — that is, additional loans of the National Bank. But all these things will be in the consumer market under pressure in the direction of price increases. "

Professor, former chairman of the National Bank Stanislav Bogdanovich says the government is looking for simple solutions to complex problems. According to official statistics, in the first 9 months of 2010 the average salary increased by one third, and productivity — only 6%. Increase salaries, pensions, allowances, according to Professor Bahdankevich, it is necessary, but it is necessary to seek the real sources:

Stanislav Bogdanovich

"And what did the government now, will lead to the fact that the mass of commodities does not increase the money supply increases — and it is sure to lead to higher prices. This can not but lead to further" creeping "of devaluation, and perhaps not just creeping. As a result of such simple solutions may not lead to an increase in the standard of living of people. "

The head of the analytical center "Strategy" Leonid Zaika sums up what will happen to the economy of the country:

"Inflation, devaluation of the ruble devaluation processes that is provided. Can not be in the 40% increase in dollar income that all options remained intact."

Last week, even the deputy Economy Minister Andrei Tur could not confidently answer, what will such substantial fees welfare. "It will be important to see how the growth of the tariff rates will affect the macro-economic situation," — as he answered questions from reporters.

Like this post? Please share to your friends: