Belarus reports Br633.8m budget deficit in Jan-Nov 2020
<p> MINSK, Jan 4 – PrimePress. Belarus’ Finance Ministry posted a republican budget deficit of 633.8 million Belarusian rubles (Br) (U.S. $245.76 million at the official rate of the National Bank of Belarus) in January-November 2020, or 0.5% of the country’s GDP in Jan-Nov 2020. </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 totaled Br21.504 billion ($8.34 billion), or 84% of the annual target for 2020; expenditures – Br22.138bn ($5.58bn), or 78.8% 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) totaled Br47.414 billion in Jan-Nov 2020 ($18.39 billion, 88.9% of the annual plan); expenditures – Br48 billion ($18.6 billion, 84.9%), deficit – Br586.3 million ($227.35 million), or 0.4% of GDP in Jan-Nov 2020. </p> <p> </p> <p> Revenues from the value-added tax amounted to Br11.672 billion ($4.53 billion, 94.2% of the year target), from the profit tax – Br2.262 billion ($877.1 million, 60.1%), excises – Br2.823 billion ($1.1 billion, 86.4%), from foreign economic activities – Br3.608 billion ($1.4 billion, 75.4% of the annual target). </p> <p> </p> <p> Revenues of the Labor and Welfare Ministry’s Social Security Fund in Jan-Nov 2020 stood at Br15.778 billion ($6.1 billion, 91.7%), expenditures – Br15.582bn ($6bn, 90.9%), surplus – Br196 million ($76m). </p> <p> </p> <p> Tax arrears stood at Br157.1 million ($60.9m) as of Dec 1, 2020. </p> <p> </p> <p> As reported, the republican budget surplus in 2019 totaled Br3.229 billion ($1.3bn), 2.5% of GDP. Revenues – Br24.315 billion ($9.3bn), expenditures – Br21.087 billion ($8.1bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($20.7bn); expenditures – Br50.501 billion ($19.3bn); surplus – Br3.485 billion ($1.4bn), or 2.6% of GDP. End (Br2.5817/$1) </p>
2021-01-05
Primepress
Belarus reports Br633.8m budget deficit in Jan-Nov 2020
MINSK, Jan 4 – PrimePress. Belarus’ Finance Ministry posted a republican budget deficit of 633.8 million Belarusian rubles (Br) (U.S. $245.76 million at the official rate of the National Bank of Belarus) in January-November 2020, or 0.5% of the country’s GDP in Jan-Nov 2020.
The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets.
Republican budget revenues totaled Br21.504 billion ($8.34 billion), or 84% of the annual target for 2020; expenditures – Br22.138bn ($5.58bn), or 78.8% 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) totaled Br47.414 billion in Jan-Nov 2020 ($18.39 billion, 88.9% of the annual plan); expenditures – Br48 billion ($18.6 billion, 84.9%), deficit – Br586.3 million ($227.35 million), or 0.4% of GDP in Jan-Nov 2020.
Revenues from the value-added tax amounted to Br11.672 billion ($4.53 billion, 94.2% of the year target), from the profit tax – Br2.262 billion ($877.1 million, 60.1%), excises – Br2.823 billion ($1.1 billion, 86.4%), from foreign economic activities – Br3.608 billion ($1.4 billion, 75.4% of the annual target).
Revenues of the Labor and Welfare Ministry’s Social Security Fund in Jan-Nov 2020 stood at Br15.778 billion ($6.1 billion, 91.7%), expenditures – Br15.582bn ($6bn, 90.9%), surplus – Br196 million ($76m).
Tax arrears stood at Br157.1 million ($60.9m) as of Dec 1, 2020.
As reported, the republican budget surplus in 2019 totaled Br3.229 billion ($1.3bn), 2.5% of GDP. Revenues – Br24.315 billion ($9.3bn), expenditures – Br21.087 billion ($8.1bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($20.7bn); expenditures – Br50.501 billion ($19.3bn); surplus – Br3.485 billion ($1.4bn), or 2.6% of GDP. End (Br2.5817/$1)