Belarus reports Br69.1m budget deficit in Jan-May 2020
<p> MINSK, Jun 30 – PrimePress. Belarus’ Finance Ministry posted a republican budget deficit of 69.1 million Belarusian rubles (Br) (U.S. $28.8 million at the official rate of the National Bank of Belarus), or 0.14% of the country’s GDP in January-May 2020, 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 Br8.659 billion ($3.6 billion), 34.9% of the annual target for 2020; expenditures - Br8.728bn ($3.64bn), or 33.9% 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 Br20.29 billion in Jan-May 2020 ($8.45 billion), 38.8% of the annual plan; expenditures – Br20.071 billion ($8.36 billion, 37.6%), surplus – Br219.4 million ($91.4 million), or 0.43% of GDP in Jan-May 2020. </p> <p> </p> <p> Revenues from the value-added tax amounted to Br5.33 billion ($2.2 billion, 43.5% of the year target), from the profit tax – Br766.9 million ($319.4 million, 18.6%), excises – Br1.179 billion ($491.1 million, 39.8%), from foreign economic activities – Br1.228 billion ($511.5 million), 25.7% of the annual target. </p> <p> </p> <p> Revenues of the Labor and Welfare Ministry’s social security fund in Jan-May 2020 stood at Br6.991 billion ($2.9 billion, 40.6%), expenditures – Br6.893bn ($2.87bn, 40.6%), surplus – Br98 million ($40.8m). </p> <p> </p> <p> Tax arrears stood at Br135.9 million ($56.6m) as of June 1, 2020. </p> <p> </p> <p> As reported, the republican budget surplus in 2019 totaled Br3.229 billion ($1.35bn), 2.5% of GDP. Revenues – Br24.315 billion ($10.1bn), expenditures – Br21.087 billion ($8.7bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($22.5bn); expenditures – Br50.501 billion ($21bn); surplus – Br3.485 billion ($1.45bn), or 2.6% of GDP. End (Br2.4008/$1) </p>
2020-07-01
Primepress
Belarus reports Br69.1m budget deficit in Jan-May 2020
MINSK, Jun 30 – PrimePress. Belarus’ Finance Ministry posted a republican budget deficit of 69.1 million Belarusian rubles (Br) (U.S. $28.8 million at the official rate of the National Bank of Belarus), or 0.14% of the country’s GDP in January-May 2020, 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 Br8.659 billion ($3.6 billion), 34.9% of the annual target for 2020; expenditures - Br8.728bn ($3.64bn), or 33.9% 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 Br20.29 billion in Jan-May 2020 ($8.45 billion), 38.8% of the annual plan; expenditures – Br20.071 billion ($8.36 billion, 37.6%), surplus – Br219.4 million ($91.4 million), or 0.43% of GDP in Jan-May 2020.
Revenues from the value-added tax amounted to Br5.33 billion ($2.2 billion, 43.5% of the year target), from the profit tax – Br766.9 million ($319.4 million, 18.6%), excises – Br1.179 billion ($491.1 million, 39.8%), from foreign economic activities – Br1.228 billion ($511.5 million), 25.7% of the annual target.
Revenues of the Labor and Welfare Ministry’s social security fund in Jan-May 2020 stood at Br6.991 billion ($2.9 billion, 40.6%), expenditures – Br6.893bn ($2.87bn, 40.6%), surplus – Br98 million ($40.8m).
Tax arrears stood at Br135.9 million ($56.6m) as of June 1, 2020.
As reported, the republican budget surplus in 2019 totaled Br3.229 billion ($1.35bn), 2.5% of GDP. Revenues – Br24.315 billion ($10.1bn), expenditures – Br21.087 billion ($8.7bn). Revenues of the central administration in 2019 amounted to Br53.985 billion ($22.5bn); expenditures – Br50.501 billion ($21bn); surplus – Br3.485 billion ($1.45bn), or 2.6% of GDP. End (Br2.4008/$1)