Although the government's stated goals during the first
of independence included promoting a market economy,
monetary circulation, and lowering the country's
monopoly suppliers, these goals were not met. Inflation
depreciation in the exchange rate stemmed from the
compensation for decreased living standards and lower
output through subsidies (rather than changes in the
economic structure and adoption of market reforms).
The government's economic timidity was prompted not
the wish to maintain the status quo but also by a fear of
social consequences. Years earlier, calls for political
did not stir the populace, but the populace reacted
to sudden price increases. In April 1991, demonstrations
in Minsk, Orsha, and other cities, frightening the
into wage concessions, a slowdown of reforms, and promises
neglect the "social protection net" so as to avoid a
such economically motivated unrest.
As of mid-1995, the government continued to look for
solutions to its economic problems. It neglected
and price liberalization, instead continuing to increase
wages to offset minor price increases and to prop up
factories that piled up unwanted inventories.
Data as of June 1995