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30 October 2020, 15:07

Deficit of Belarus' central state budget at Br1.8bn in January-September

MINSK, 30 October (BelTA) – The deficit of the central state budget of Belarus amounted to Br1.8 billion in January-September 2020, BelTA learned from the Belarusian Finance Ministry.

Revenues of the central state budget totaled Br16.3 billion, or 64.1% of the revised annual target.

Proceeds from value added tax came at Br9.2 billion (74% of the target), income tax – Br1.5 billion (40.2%), excise duties – Br2.3 billion (72%). Revenues from foreign trade operations totaled Br2.7 billion (57%).

The central state budget spent Br18.1 billion, or 65.7% of the revised annual target.

As much as Br8.7 billion (67.1%) was spent on nationwide activities, Br3.9 billion (66.5%) on financing the national economy, Br12.8 billion (69.4%) on financing the social sphere (social policy, education, healthcare, physical training, sport, culture, and mass media).

The deficit of the public administration sector budget totaled Br2 billion in January-September 2020. Revenues made up Br37.2 billion (70.1% of the revised annual target) while expenses stood at Br39.2 billion (69.9%).

The surplus of the Social Security Fund budget reached Br0.1 billion.

As of 1 October 2020 the arrears on tax and duty payments stood at Br134.8 million.

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