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2012.07.30 | Belarus posts republican budget surplus at 0.1% of GDP in January-June 2012

The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets.

Republican budget revenues amounted to 42.4 trillion rubles ($5.1 billion) in January-June 2012, or 45.1% of the target for the whole year.

Revenues from the value-added tax amounted to 19.4 trillion rubles (almost $2.3 billion, 38.7% of the year target), from income tax – Br3.3 trillion ($396.6 million, 70.3%), from foreign economic activities 11.8 trillion rubles ($1.4bn), 46.4% of the target.

Republican budget expenditures reached 42.3 trillion rubles (around $5.1 billion), 45% of the target for 2012.

Expenditures on welfare, science, culture, healthcare, mass media, sports, education, etc. amounted to 12.6 trillion rubles ($1.5bn), 46.9% of the target for 2012, national economy expenditures were at almost 7.7 billion rubles ($925.5 million), 44.2% of the target, and general state expenditures at 19.7 trillion rubles ($2.4 billion), 43.7% 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).

PRIME-TASS