OREANDA-NEWS. January 21, 2013. Belarus’ Finance Ministry posted a republican budget surplus of 400 billion Belarusian rubles (Br) (USD 46.7 million at the NBB rate) in January-November 2012, or 0.09% of GDP, an official with the Finance Ministry told.

The republican budget indicates spending and revenues of the central administration, whereas the consolidated budget also includes local budgets.

Republican budget revenues amounted to 84.1 trillion rubles (USD 9.8 billion) in January-November 2012, or 87.2% of the target for the whole year.

Revenues from the value-added tax amounted to 29.3 trillion rubles (almost USD 3.4 billion, 87.8% of the year target), from income tax – Br4.6 trillion (USD 536.8 million, 96.6%), from foreign economic activities 22.5 trillion rubles (USD 2.6bn), 88.7% of the target.

Republican budget expenditures reached 83.7 trillion rubles (USD 9.8 billion), 84.6% of the target for 2012.

General state expenditures stood at 38.5 trillion rubles (around USD 4.5 billion), 82.7% of the target, national economy expenditures were at 16.8 billion rubles (USD 2 billion), 84.7% of the target, expenditures on welfare, science, culture, healthcare, mass media, sports, education, etc. amounted to 17.1 trillion rubles (around USD 2bn), 88.3% of the target for 2012.

According to the new edition of the budget plan adjusted by the Finance Ministry, the 2012 republican budget revenues are projected at 98.942 trillion rubles (USD 11.545 billion), and expenditures at 96.521 trillion rubles. Hence, in 2012 Belarus is expected to have a budget deficit of Br2.421 trillion (USD 282 million).