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Belarus’ public debt up by 1.8% to Br118.5 trillion as of 1 July

MINSK, 31 July (BelTA) – As of 1 July 2012, Belarus’ public debt totaled Br118.5 trillion, up by 1.8% or Br2.1 trillion from the beginning of 2012, BelTA learnt from the Finance Ministry of Belarus.

“Increase in Belarus’ public debt (in Belarusian rubles) was primarily due to the third tranche of the loan of the EurAsEC Anti-Crisis Fund in June 2012 ($440 million),” the Finance Ministry said.

As of 1 July 2012 Belarus’ domestic debt was down by Br53.4 billion and made up Br17.8 trillion, while the limit for 2012 is Br34 trillion. “In 2012 reduction of Belarus’ domestic debt was due to redemption of government bonds and strengthening of the exchange rate of the national currency,” the ministry informed.

As of 1 July 2012 Belarus’ foreign debt made up $12.1 billion, up by $302.2 million from the beginning of the year, while the limit for 2012 is $14.3 billion. “In 2012 the increase in Belarus’ foreign debt was due to attracting loans of the International Bank for Reconstruction and Development, EurAsEC Anti-Crisis Fund and Chinese banks,” the Finance Ministry informed.