NBB Will Keep Consolidated Budget Deficit within 1.5% of GDP
OREANDA-NEWS. April 26, 2011.
“The Belarusian government and the NBB will streamline budget expenses to keep the deficit within 1.5% of GDP this year.”
He added that consolidated budgets of regions and
In turn, Deputy Prime Minister Sergei Rumas noted that budget expenditures would be slashed on the republican level, without affecting local budgets. “Specifically, the state investment program will be cut by around 30%. We will exclude the construction of new facilities and invest these funds in completion of the facilities we are supposed to finish this year,” he explained.
Capital expenditures of budget organization will be reduced to around 80% of the level reported in 2010. “This reduction will be mostly through a decrease in purchases of imported equipment and limitations on capital repairs of buildings run by budget organizations,” Rumas said.
Furthermore,
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