Government Bodies
Flag Friday, 29 September 2023
Minsk Clear +12°C
All news
All news
27 September 2022, 16:32

Finance Ministry: Belarus' budget for 2023 will be running a deficit

MINSK, 27 September (BelTA) – Belarus' budget for 2023 will be running a deficit, Belarusian Finance Minister Yuri Seliverstov told reporters following a meeting of the Presidium of the Council of Ministers in Minsk on 27 September, BelTA has learned.

The Presidium of the Council of Ministers has been submitted the draft forecast documents for 2023: the most important parameters of the social and economic development forecast, the monetary policy guidelines, the national budget and amendments to the Tax Code.

"The budget will be running a deficit as our major export revenues (potash, oil) are not likely to recover fully in the near term. There will be a certain deficit, but it will be provided with resources in order to finance expenses. So far, we are talking about the amount in the region of Br3-4 billion," said Yuri Seliverstov.

He also spoke about the execution of the budget in 2022. "We planned a deficit of about Br2.8 billion. In January-September, the deficit was about Br2.3 billion. There are no big issues, we finance everything in full," the minister emphasized.

Subscribe to us
Recent news from Belarus