Belarus’ companies report 19.3% increase in effective debts in 2020 to Br158.42bn

<p> MINSK, Apr 20 - PrimePress. The total debt of Belarusian enterprises amounted to Br158.42 billion ($61 billion at the rate of the National Bank of Belarus) as of Jan 1, 2021, up 19.3% year on year, the National Statistics Committee (Belstat) said in a statement. </p> <p>   </p> <p> This includes a 7% year-on-year reduction in overdue debt in 2020 to Br10.212bn ($3.93bn, $1 - Br2.596) as of Jan 1, 2021. </p> <p>   </p> <p> Accounts payable totalled Br61.494 billion ($23.7bn) as of Jan 1, 2021, up 12.8% year on year. Overdue accounts payable amounted to Br7.441 billion ($2.87bn) as of Jan 1, 2021, down 6%. </p> <p>   </p> <p> Credit and loan debts increased by 23.8% in 2020 to Br96.926 billion ($37.34bn) as of Jan 1, 2021. Debts in arrears totalled Br2.771 billion ($1.067bn), down 9.3% year on year. </p> <p>   </p> <p> According to Belstat, Br73.641 billion ($28.37bn, 28.7% of revenue – vs 27.9% in 2019) was allocated for repayment of bank loans and loans to Belarusian enterprises in 2020, up 10.4% year on year. </p> <p>   </p> <p> Accounts receivable of Belarusian enterprises as of Jan 1, 2021 amounted to Br50.14 billion ($19.3bn), up 21.2% year on year. Overdue receivables decreased by 2.5% to Br7.76 billion ($3bn) as of Jan 1, 2021. </p> <p>   </p> <p> Belstat says that 87.4% of Belarusian companies had overdue receivables as of Jan 1, 2021 (87.2% as of Jan 1, 2020), and 70.2% had overdue accounts payable (71.3% as of Jan 1, 2020). </p> <p>   </p> <p> As previously reported, the total debt of Belarusian enterprises in 2019 increased by 7.4% to Br132.8 billion ($51.2 billion) as of January 1, 2019, including overdue – down 2% to Br10.976 billion ($4.23 billion). End (Br2.596/$1) </p>

2021-04-21

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