News
05-07-2012 10:24 Belarus
Belarus posts republican budget surplus at 0.2% of GDP in January-May 2012
MINSK (PRIME-TASS) - Belarus’ Finance Ministry posted a republican budget surplus of 400 billion Belarusian rubles (Br) (almost U.S. $48 million at the NBB rate) in January-May 2012, or 0.2% of GDP, an official with the Finance Ministry told Prime-Tass.
The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets.
Republican budget revenues amounted to 34.4 trillion rubles ($4.1 billion) in January-May 2012, or 36.6% of the target for the whole year.
Revenues from the value-added tax amounted to 16.4 trillion rubles (almost $2 billion, 34.8% of the year target), from income tax – Br9.3 trillion ($1.2bn, 55.4%), from foreign economic activities 9.4 trillion rubles ($1.1bn), 37.2% of the target.
Republican budget expenditures reached 34 trillion rubles (around $4.1 billion), 36.1% of the target for 2012.
Expenditures on welfare, science, culture, healthcare, mass media, sports, education, etc. amounted to 43.6 trillion rubles ($5.2bn), 40.4% of the target for 2012, national economy expenditures were at almost 11 billion rubles, 40.6% of the target, and general state expenditures at 10.5 trillion rubles, 29.5% of the target.
According to the new edition of the budget plan adjusted by the Finance Ministry, the 2012 republican budget revenues are projected at 94.011 trillion rubles ($11.178 billion), and expenditures at 93.919 trillion rubles. Hence, in 2012 Belarus is expected to have a deficit budget on Br91.9 billion ($10.9 million).
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