The Forecast of Socio-Economic Development for 2024 presented in Parliament

The Government submitted the Forecast of the socio-economic development of the republic for 2024 to the Supreme Council. This document assesses the dynamics of the development of the socio-economic situation in Pridnestrovie in the short term, taking into account the conditions that are developing in the domestic and foreign markets, as well as the tasks and priorities of socio-economic development, which were outlined in the Country Development Strategy for 2019-2026.

The project was presented to parliamentarians by the Minister of Economic Development Sergey Obolonik. The predicted scenario of the socio-economic development of the republic for 2024 is based on the preservation of foreign economic activity, uninterrupted gas supply to the republic, stable operation of the metallurgical industry, conclusion of a contract for the export of electricity to Moldova until the end of 2024, as well as stable demand for domestic energy-intensive industries and support in the domestic foreign exchange market the official exchange rate of the US dollar against the PMR ruble within the approved boundaries of the currency corridor in accordance with the main directions of the unified state monetary policy for 2023. The Government notes that it is possible under these conditions to predict a slightly positive increase in the rate of economic development by 1.8% by the estimate of 2023.

Sergey Obolonik announced a number of indicators. For example, there may be a slight decrease in external trade next year. The retail turnover within the country may grow by more than 5% in nominal terms, the minister added.

According to Speaker Alexander Korshunov, the Forecast of the socio-economic development of the republic for 2024 presented by the Government is closely related to the recently adopted Budget and Tax Policy Concept.

The speaker emphasized that joint work with the Government in this direction would lead to the coordination of the Concept of budgetary and tax policy and the Forecast of socio-economic development of Pridnestrovie in the end.