Belarus Visa-Free: Now For 30 Days
Official Website of the Republic of Belarus
Year of Native Land in Belarus
Business
Belarus Events Calendar
Belarus’ Top Tourist Sites
UNESCO World Heritage Sites in Belarus
Belarusian sanatoria and health resorts
Souvenirs from Belarus
| Home | Business | Business news

Business news

31 Mar 2020

Belarus' budget surplus at Br0.4bn in January-February 2020

Belarus' budget surplus at Br0.4bn in January-February 2020
An archive photo

MINSK, 31 March (BelTA) – The surplus of Belarus' central state budget amounted to Br0.4 billion in January-February 2020, BelTA learned from the Finance Ministry.

Revenues of the central state budget totaled Br3.5 billion, or 14.2% of the revised annual target. Proceeds from VAT amounted to Br2.5 billion (20.6% of the target), excise duties – Br0.5 billion (16.4%). Revenues from foreign trade operations totaled Br0.4 billion (9.1%). A negative rate of the income tax reflects tax refunds to some taxpayers, the ministry noted.

In January-February 2019, the central state budget spent Br3.1 billion, or 12.2% of the revised annual target. As much as Br1.3 billion (11.8%) was spent on nationwide activities, Br0.7 billion (13.6%) on financing the national economy, Br2.6 billion (14.1%) on financing the social sphere (social policy, education, healthcare, physical training, sport, culture, and mass media).

The surplus of the public administration sector budget totaled Br0.6 billion in January-February 2020. Revenues made up Br8.4 billion, or 15.2% of the revised annual target. Expenses stood at Br7.8 billion, or 13.9%.

The surplus of the Social Security Fund budget reached Br0.1 billion, with proceeds at Br2.8 billion and expenses at Br2.7 billion.

As of 1 March 2020, the arrears on tax and duty payments stood at Br154.1 million.

Archive
Su Mo Tu We Th Fr Sa
Great Patriotic War monuments in Belarus
Partisan Chronicles