External public debt of Belarus up $ 1 billion since beginning of year

The public debt of Belarus has increased by 11.5 billion rubles compared to the beginning of 2020 or by 25.6%, and as of December 1 it amounted to 56.3 billion rubles, or 36.2% of GDP, naviny.media reports with reference to the Ministry of Finance.

At the same time, the external public debt as of December 1 amounted to $ 18.2 billion, having increased by $ 1.0 billion, or by 5.9%, since the beginning of the year.

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In January-November, 1 billion 467.9 million US dollars were allocated to repay the external state debt: 655.1 million US dollars – to the government and banks of the Russian Federation; 430.3 million dollars – to banks in China; $ 264.8 million – EFSD; $ 112.3 million – IBRD; $ 2.8 million – EBRD; $ 2.6 million – US Commodity and Credit Corporation.

As of December 1, 2020, the domestic public debt amounted to 9.4 billion rubles, having increased from the beginning of the year by 0.6 billion rubles, or 7.4%.

In 2020, Belarus was to spend 2.9 billion rubles for servicing the state debt, and 6 billion for repaying the principal debt. More than 85% of expenses are related to payments in favor of Russia, China and the Eurasian Fund for Stabilization and Development.

Public debt payments in 2021 are estimated at 8 billion rubles, including repayment – 4.9 billion rubles, and servicing – 3.1 billion rubles. This is stated in the Main Principles of the Budgetary, Financial and Tax Policy of the Republic of Belarus for 2021-2023, published by the Ministry of Finance.