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4 November 2019

Belarus' GDP growth in 2019 expected at 2.9%

This year's GDP growth in Belarus is expected to reach 2.9%, BelTA learned from the main fiscal and tax policy guidelines for 2020-2022. The document has been released by the Belarusian Finance Ministry website. In comparison with the previous year Belarus' real GDP growth is expected to reach 2.9% at the end of 2019, the document reads. The budget's execution has been evaluated bearing in mind this year's macroeconomic parameters adjusted by the Economy Ministry. 

Provided the foreign trade situation remains favorable and the average oil price stays at $65 per barrel, revenues of the central state budget will rise by Br0.7 billion. The money will be transferred to the reserve fund of the head of state in line with the law on the central state budget. On the whole, expenses of the central state budget will be in line with the limits specified by this year's budget law.