Belarus expected to have Br4bn public budget deficit in 2021, or 2.6% of GDP - FinMin
<p> MINSK, Dec 17 - PrimePress. Belarus’ republican budget deficit in 2021 is expected at Br4 billion ($1.584 billion at the rate of National Bank of Belarus), or 2.6% of the gross domestic product (GDP). </p> <p> </p> <p> First Deputy Minister of Finance Dmitry Kiyko made a statement to this effect at an extended meeting of the Standing Committee on Budget and Finance of the House of Representatives of the National Assembly of Belarus on December 17. </p> <p> </p> <p> The Ministry of Finance of Belarus has estimated at budget revenues are expected at Br23.3 billion ($9.228 billion; $1 - $2.5249), with expenditures at Br27.3 billion ($10.812 billion). </p> <p> </p> <p> As previously reported on Dec 9 with reference to Deputy Finance Minister of Belarus Elena Pechen, Belarus’ national budget deficit may reach Br2.6 billion ($1.029 billion at the rate of the National Bank of Belarus) in 2020, or nearly 2% of gross domestic product (GDP). The ministry also forecasts a budget deficit of around 3% of GDP in 2021, she said. </p> <p> </p> <p> The national budget deficit in 2020 was planned at Br995.1 million ($394.114m), around 1% of GDP. In 2019, Belarus’ national budget surplus stood at Br3.229bn ($1.278bn), 2.5% of GDP. End </p>
2020-12-18
Primepress
Belarus expected to have Br4bn public budget deficit in 2021, or 2.6% of GDP - FinMin
MINSK, Dec 17 - PrimePress. Belarus’ republican budget deficit in 2021 is expected at Br4 billion ($1.584 billion at the rate of National Bank of Belarus), or 2.6% of the gross domestic product (GDP).
First Deputy Minister of Finance Dmitry Kiyko made a statement to this effect at an extended meeting of the Standing Committee on Budget and Finance of the House of Representatives of the National Assembly of Belarus on December 17.
The Ministry of Finance of Belarus has estimated at budget revenues are expected at Br23.3 billion ($9.228 billion; $1 - $2.5249), with expenditures at Br27.3 billion ($10.812 billion).
As previously reported on Dec 9 with reference to Deputy Finance Minister of Belarus Elena Pechen, Belarus’ national budget deficit may reach Br2.6 billion ($1.029 billion at the rate of the National Bank of Belarus) in 2020, or nearly 2% of gross domestic product (GDP). The ministry also forecasts a budget deficit of around 3% of GDP in 2021, she said.
The national budget deficit in 2020 was planned at Br995.1 million ($394.114m), around 1% of GDP. In 2019, Belarus’ national budget surplus stood at Br3.229bn ($1.278bn), 2.5% of GDP. End