Fiscal Balance in Belarus
Belarus - Fiscal Balance
The economy stumbled at the start the year, as weaker dynamics in the back-end of 2018 appeared to have carried over into Q1. Seemingly subdued household spending in Q4 likely persisted at the outset of the year, as reflected by slower retail sales in January and high inflation. Furthermore, industrial production spluttered in the same month and agricultural output remained in the red, further stoking prices. On the external front, detailed data for Q4 shows exports decelerated sharply through year-end, while imports grew marginally. On 13 February, Vladimir Putin offered to maintain vital energy subsidies and financial aid to Belarus, in exchange for greater integration between the two countries. The deal would likely support near-term growth, although it could be seen as a potential takeover by Russia as it contemplates sharing the same currency, tax regime and courts.Belarus - Fiscal Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 0.2 | 1.0 | 1.8 | 1.3 | 2.8 |
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.14 | -0.36 % | Mar 11 |
| Stock Market | 0.1 | 0.0 % | Feb 25 |
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Economic News
Belarus: Inflation continues trending up in February
March 11, 2019
Consumer prices increased 1.3% over the previous month in February, up from January’s 0.9% print.
Belarus: Industrial output moderates to near two-year low in January
February 18, 2019
Industrial production growth decelerated to 0.9% year-on-year in January, down from December’s 1.3% expansion, logging the lowest reading in almost two years.
Belarus: Inflation rises in January
February 11, 2019
Consumer prices increased 0.9% over the previous month in January, a tad above December’s 0.8% print.
Belarus: Central Bank keeps rate unchanged in January amid high inflation
February 8, 2019
At its 6 February meeting, the Board of the National Bank of the Republic of Belarus (NBRB) kept the refinancing rate unchanged at an over decade-low 10.0%, in line with analysts’ expectations.
Belarus: Industrial output slows in December
January 17, 2019
Industrial production growth decelerated to 1.3% year-on-year in December, down from November’s 3.1% expansion. Looking at 2018 as a whole, annual average industrial production grew 5.7%, below 2017’s 6.1%.
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