OREANDA-NEWS. September 09, 2011. Belarus Finance Ministry has posted a republican budget surplus of 1.4 trillion Belarusian rubles (Br) in January-July 2011, or 1.1% of GDP, an official with the Finance Ministry told reporters.

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

Republican budget revenues amounted to 22.8 trillion rubles in January-July, or 67.9% of the target for the whole year.

Revenues from foreign economic activities amounted to 6.7 trillion rubles, 92.9% of the annual target, from the profit tax 1.3 trillion rubles, 55.7% of the target, from the value-added tax 8.1 trillion rubles, 60.4% of the target.

Republican budget expenditures reached 21.5 trillion rubles, 53.2% of the target for 2011.

Expenditures on welfare, science, culture, healthcare, mass media, sports, education, etc. amounted to 4.7 trillion rubles, 53.6% of the target for 2011, national economy expenditures were at 3.7 trillion rubles, 48% of the target, and general state expenditures at 9.8 trillion rubles, 55.9% of the target.

Republican budget revenues are projected at 33.612 trillion rubles, and expenditures at 40.323 trillion rubles. Budget deficit is expected at or below 6.711 trillion rubles.