In January-June, Belarus' Republican budget showed deficit amounting to BYN 1.8 billion

In January-June 2020, the deficit of the budget of the public administration sector totaled BYN 2.14 billion, and the Republican budget deficit amounted to BYN 2.14 billion, the press service of the Finance Ministry reported.

In January-May, the Republican budget deficit equaled to BYN 70 million.

Revenues of the budget of the public administration sector totaled BYN 24.22 billion in January-June 2020. Expenditures were BYN 26.36 billion. Republican budget revenues equaled to BYN 10.3 billion. Expenditures of the Republican budget amounted to BYN 12.1 billion.

Proceeds from VAT reached BYN 6.0 billion, profits tax – BYN 0.8 billion. Excise duties totaled BYN 1.4 billion. Revenues from foreign trade operations stood at BYN 1.5 billion.

As of July 1, 2020, the arrears on tax and duty payments stood at BYN 129.6 million.

In H1, BYN 6.1 billion was spent on nationwide activities, BYN 2.5 billion on financing the national economy, BYN 8.6 billion on financing the social sphere (social policy, education, healthcare, physical training, sport, culture, and mass media).

Proceeds to the Social Security Fund budget reached BYN 8.5 billion. Expenditures of the Social Security Fund were BYN 8.4 billion. The budget surplus of the Social Security Fund stood at BUN 0.1 billion.



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