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Authorities To Ask For $ 2 Billion Loan Again In 2017

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Authorities To Ask For $ 2 Billion Loan Again In 2017

Cost of state debt management will increase by 20% up to 2.5 billion Belarusian rubles in 2017.

In particular foreign debt service will cost 1.7 billion Belarusian rubles, the Deputy Finance Minister Yury Seliverstau said at the enlarged meeting of the Standing Commission of the House of Representatives on Budget and Finance of Belarus on Thursday, tut.by informs.

The total of 5.2 billion Belarusian rubles is provided for repayment of the state debt by in the state budget, including the external public debt of 2.3 billion rubles and the internal public debt of 2.9 billion rubles.

US $ 2.3 billion is needed to repay the state debt in foreign currency the next year. For the repayment, it is planned to attract $ 1.9 billion, of which $ 700 million are the loan form the Eurasian Fund for stabilization and development. The authorities plan to get US $ 360 million more by placing foreign currency bonds on the domestic market, and US $ 800 million - from the placement of Eurobonds.

Let us remind that as of August 1, 2016, the national debt of Belarus was equal to 35,9 billion ruble. It has increased by 3 billion ruble or 9.3% since the beginning of the year.

The foreign debt has amounted to 13.3 billion US dollars, which is 847 million dollars (including exchange rate differences), or 6.8%.

The internal state debt amounted to 9.4 billion ruble as of August 1, i.e. it has decreased by 0.4 billion ruble (including exchange rate differences), or 3.8% since the beginning of the year.

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