OREANDA-NEWS. July 08, 2010. The Belarusian government has disclosed preliminary foreign debt forecasts for the medium term, with the forecast for late 2011 at USD 11.5 billion, or 19.1% of anticipated GDP, for late 2012 at USD 12.5 billion, or 18.3% of GDP, and for late 2013 at USD 13 billion, or 16.8% of GDP, a source in the administration of the country told.

Internal debt limit is set at 33.8 trillion Belarusian rubles (Br) as of late 2011, 17.5% of GDP, 38.9 trillion rubles as of late 2012, 17.5% of GDP, and 44.5 trillion rubles as of late 2013, 17.5% of GDP.

As of May 1, 2010, Belarus’ state debt was at 49.967 trillion rubles, 35% of GDP, external and internal debts making 49.97% and 50.03% of the total, respectively.

Foreign debt amounted to USD 8.432 billion as of May 1, 2010, or 17.5% of GDP, with the limit set at USD 11 billion. Internal debt had reached 25 trillion rubles, 17.5% of GDP, short of the 26.5 trillion-ruble limit.

Belarus’ state budget is projected to have a deficit of 5.79 trillion rubles in 2011, or 3% of GDP, 4.349 trillion rubles in 2012, or 2% of GDP, and 3.812 trillion rubles in 2013, 1.5% of GDP.

Consolidated budget revenues are expected to reach 51.842 trillion rubles in 2011, or 26.9% of GDP, 57.602 trillion rubles in 2012, 25.9% of GDP, and 64.653 trillion rubles in 2013, 25.4% of GDP.

Budget expenditures are projected at 57.632 trillion rubles in 2011, 29.9% of GDP, 61.951 trillion rubles in 2012, 27.9% of GDP, and 68.465 trillion rubles in 2013, 26.9% of GDP.