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External Debt Increased By $ 900 Million Since Beginning Of Year

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External Debt Increased By $ 900 Million Since Beginning Of Year

As of September 1, the external debt amounted to US $ 13.3 billion.

The national debt of Belarus amounted to 36 billion rubles as of September 1, 2016 and increased by 3.2 billion rubles, or 9.7%, compared to the beginning of the year, BelaPAN writes.

According to the Ministry of Finance, the foreign debt amounted to 13.3 billion US dollars as of September 1, it increased by 896 million US dollars, or 7.2% from the beginning of the year.

In January-August 2016, the raised external state loans amounted to 1 billion 367 million US dollars: 800 million dollars of the Eurasia Foundation stabilization and development; 287.9 million dollars of the Russian government and banks; 206.8 million dollars of Chinese banks; 70.5 million dollars of the International Bank for Reconstruction and Development; $ 1.8 million of the EBRD and CIB.

Repayment of external public debt amounted to 568 million US dollars since the beginning of 2016: $ 200 million – the government of Russia; 176.6 million dollars – the Eurasia Foundation stabilization and development; 163 million dollars – the Bank of China; 27.7 million dollars – the International Bank for Reconstruction and Development; 0.7 million dollars – the USA.

The internal debt amounted to 9.9 billion rubles as of September 1, 2016, having increased by 0.2 billion rubles, or 1.8% from the beginning of the year.

In January-August, the domestic currency and ruble government bonds for individuals and legal entities amounted to 1 billion 152.2 million dollars and 493.7 million rubles. The redeemed currency and ruble government bonds for individuals and legal entities amounted to 1 billion 276 million dollars and 596.2 million rubles.

According to some experts, the Belarusian government has no other sources of repaying debts, except for external borrowings. In 2017, 5,232,200,000 rubles should be directed to the repayment of the state debt. The repayment of debt will amount to 2 billion 311 million US dollars. According to the explanatory note to the national budget draft by the Ministry of Finance, the repayment of the foreign debt will require 2,278,600,000 rubles, the domestic one – 2,953,600,000.

It is planned to solicit $ 1 billion 860 million US in 2017 (4,083,400,000 rubles): by three tranches of the Eurasian Foundation stabilization and development credit – 700 million dollars, Eurobond issue – 800 million dollars, domestic government bonds – 360 million dollars.

We remind that the state debt of the Republic of Belarus increased by 131.1 trillion rubles, or 66.4%, in 2015, and amounted to 328.6 trillion rubles as of January 1, 2016. At the same time the foreign debt amounted to 12.4 billion US dollars as of January 1, 2016, having decreased by 133.9 million dollars (including the exchange differences), or 1.1%, from the beginning of 2015. The limit of Belarus’ external debt is set at $ 17 billion for 2016 – it is provided by the law on the budget. The limit of the internal state debt is set at 115 trillion rubles for 2016.

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