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Economy
10 December 2021, 12:15

Prime minister: Belarus has spent $2bn to pay off foreign debts so far this year

MINSK, 10 December (BelTA) – Belarus has spent virtually $2 billion to pay off foreign debts since the beginning of the year. Prime Minister of Belarus Roman Golovchenko made the statement at a meeting of members of the House of Representatives of the National Assembly and the Council of the Republic of the National Assembly of Belarus in the Oval Hall on 10 December, BelTA has learned. The meeting was held to discuss a package of budget-related bills.

Roman Golovchenko said: “We've spent virtually $2 billion on foreign debts this year. We will spend another $280 million on it by the end of the year. Thus, all the foreign debt payments will be made in full.”

Meanwhile, Belarus' international reserve assets have increased by $1.1 billion since the beginning of the year. “Our gold and foreign exchange reserves totaled $8.5 billion as of 1 December,” the prime minister noted.

Roman Golovchenko attributed macroeconomic balance, quality and stable development of the economy to the hard work of all branches of the government. “Rather fruitful and constructive cooperation, including cooperation with the parliament for the sake of improving the institutional and business environment helped,” he added. “The government has to preserve these positive trends till the end of the year and build up on them in 2022. Work on forming the package of forecast documents was based on these principles.”

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