Fiscal Balance in Belarus

Belarus Fiscal Balance | Economic News & Forecasts

Belarus - Fiscal Balance

Following soft growth in Q3, the economy continued to lose steam in Q4: GDP growth fell in cumulative terms in November, with transportation and domestic trade recording weaker expansions. Moreover, the agricultural sector receded in cumulative terms in January–November. Meanwhile, a sluggish manufacturing subsector caused industrial production to fall in October, although output rebounded in November, despite a less favorable base. More positively, electricity production increased markedly in the first two months of Q4. Meanwhile, despite the mounting sanctions, exports to the EU have grown consistently since August 2020 without any sign of deterioration, suggesting the measures have had a limited impact. In other news, in its budget plan for 2022, the government sees spending at BYN 30.9 billion, including a reserved BYN 900 million for spending on wages or investment to respond to possible risks.

Belarus - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)1.4  1.5  3.0  4.0  2.6  

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Belarus Facts

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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