Belarus reports Br586.2 m budget surplus in Jan-Apr 2020
<p> MINSK, May 29 – PrimePress. Belarus’ Finance Ministry posted a republican budget surplus of 586.2 million Belarusian rubles (Br) (U.S. $242.9 million at the official rate of the National Bank of Belarus) in January-April 2020, or 1.4% of the country’s GDP, the Finance Ministry said in a release. </p> <p> </p> <p> The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets. </p> <p> </p> <p> Republican budget revenues reached Br7.595 billion ($3.147 billion), 30.6% of the annual target for 2020; expenditures – Br7.009bn ($2.904bn), or 27.3% of the annual target. </p> <p> </p> <p> Revenues of the state administration budget (republican budget, local budgets and Welfare Ministry’s social security fund (SSF), Telecom Ministry’s universal service fund, civil aviation fund) totalled Br17.386 billion in Jan-Apr 2020 ($75.203 billion), 33.3% of the annual plan; expenditures – Br16.092 billion ($6.67 billion, 30.2%), surplus – Br1.294 billion ($536.1 million), or 3.02% of GDP in Jan-Apr 2020. </p> <p> </p> <p> Revenues from the value-added tax amounted to Br4.838 billion ($2 billion, 39.5% of the year target), from the profit tax – Br772.8 million ($320.2 million, 18.8%), excises – Br933.3 million ($386.7 million, 31.9%), from foreign economic activities – Br978.4 million ($405.4 million), 20.4% of the annual target. </p> <p> </p> <p> Revenues of the Labour and Welfare Ministry’s social security fund in Jan-Apr 2020 stood at Br5.679 billion ($2.353 billion, 33%), expenditures – Br5.529bn ($2.291bn, 32.6%), surplus – Br150 million ($62.15m). </p> <p> </p> <p> Tax arrears stood at Br184.8 million ($76.6m) as of May 1, 2020. </p> <p> </p> <p> As previously reported, the republican budget surplus in 2019 totalled Br3.229 billion ($1.317bn), 2.5% of GDP. Revenues – Br24.315 billion ($10.074bn), expenditures – Br21.087 billion ($8.74bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($22.37bn); expenditures – Br50.501 billion ($20.922bn); surplus – Br3.485 billion ($1.44bn), or 2.6% of GDP. End (Br2.4137/$1) </p>
2020-05-30
Primepress
Belarus reports Br586.2 m budget surplus in Jan-Apr 2020
MINSK, May 29 – PrimePress. Belarus’ Finance Ministry posted a republican budget surplus of 586.2 million Belarusian rubles (Br) (U.S. $242.9 million at the official rate of the National Bank of Belarus) in January-April 2020, or 1.4% of the country’s GDP, the Finance Ministry said in a release.
The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets.
Republican budget revenues reached Br7.595 billion ($3.147 billion), 30.6% of the annual target for 2020; expenditures – Br7.009bn ($2.904bn), or 27.3% of the annual target.
Revenues of the state administration budget (republican budget, local budgets and Welfare Ministry’s social security fund (SSF), Telecom Ministry’s universal service fund, civil aviation fund) totalled Br17.386 billion in Jan-Apr 2020 ($75.203 billion), 33.3% of the annual plan; expenditures – Br16.092 billion ($6.67 billion, 30.2%), surplus – Br1.294 billion ($536.1 million), or 3.02% of GDP in Jan-Apr 2020.
Revenues from the value-added tax amounted to Br4.838 billion ($2 billion, 39.5% of the year target), from the profit tax – Br772.8 million ($320.2 million, 18.8%), excises – Br933.3 million ($386.7 million, 31.9%), from foreign economic activities – Br978.4 million ($405.4 million), 20.4% of the annual target.
Revenues of the Labour and Welfare Ministry’s social security fund in Jan-Apr 2020 stood at Br5.679 billion ($2.353 billion, 33%), expenditures – Br5.529bn ($2.291bn, 32.6%), surplus – Br150 million ($62.15m).
Tax arrears stood at Br184.8 million ($76.6m) as of May 1, 2020.
As previously reported, the republican budget surplus in 2019 totalled Br3.229 billion ($1.317bn), 2.5% of GDP. Revenues – Br24.315 billion ($10.074bn), expenditures – Br21.087 billion ($8.74bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($22.37bn); expenditures – Br50.501 billion ($20.922bn); surplus – Br3.485 billion ($1.44bn), or 2.6% of GDP. End (Br2.4137/$1)