Fiscal Balance in Belarus

Belarus Fiscal Balance | Economic News & Forecasts

Belarus - Fiscal Balance

The economy continues to reel. Russia’s gradual elimination of export duties on oil and raising of the mineral extraction tax has marked the end of preferentially cheap oil imports to Belarus. This, along with contamination of the Druzhba pipeline from Russia, has slashed exports, and the industrial sector consequently contracted in May for the first time in over two years. Growth has also been dragged down by lower agricultural output, owing to the dearth of rainfall. That said, household spending likely remained resilient, evidenced by robust retail sales growth in April–May. Meanwhile, tensions with Russia are at fever-pitch: Russia will not be awarding any further loans and has also refused to compensate Belarus for loss of earnings caused by the oil contamination, until the two countries agree to a shared vision of integration. In response, Belarus has threatened the Russian government with legal action.

Belarus - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.2  1.0  1.8  1.3  2.8  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Belarus Facts

ValueChangeDate
Exchange Rate2.03-0.36 %Jul 11
Stock Market0.10.0 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form