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Economy
08 December 2022, 09:01

Bill on budget 2023 passes first reading in Belarusian Parliament

MINSK, 8 December (BelTA) - The bill “On national budget 2023” passed the first reading at the ninth session of the House of Representatives of the National Assembly of Belarus of the seventh convocation on 7 December, BelTA has learned.

The draft budget and estimated figures of the regional budgets and the budget of Minsk for 2023 have been worked out in compliance with the program documents for the country's social and economic development taking into consideration the current economic situation.

Revenues under the draft national budget 2023 are expected to amount to Br33.3624 billion, up 24.6% against the estimates of revenues for the current year. The main sources of tax revenues to the national budget are the value added tax, excise duties, tax revenues from foreign economic activity.

Expenditures under the draft national budget 2023 will make up Br36.5362 billion, or 109.9% as against the figures expected in 2022. The main objectives for the public finance sector in 2023 are to ensure economic growth based on improving the efficiency of the use of external and domestic resources and reducing regional imbalances.

“The national budget 2023 will remain socially-oriented. Allocated sources for the social sector will increase by 17% as against 2022, including by 16% for healthcare, by 19% for education, by 18% for physical education, sports, culture, and media, and by 16% for social policy. Per capita funding in the healthcare system remains at Br1,118. It should be noted that 40% of total funding will be spent on the outpatient medical care, including emergency medical care. The national budget will provide funds for the purchase of ambulances, school buses, and social services vehicles,” said Svetlana Odintsova, member of the Standing Commission on Healthcare, Physical Training, Family and Youth Policy.

In her words, the main area of investment in the social sector is the development of infrastructure - the construction of kindergartens, educational institutions, healthcare facilities, and sports complexes. “It is also worth mentioning the formation of a reserve fund to increase salaries for public sector employees,” the MP said.

The draft national budget 2023 runs a deficit of Br3.1738 billion.

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