Belarus’ government to stick to economic security requirements

MINSK, 25 March (BelTA) – The Council of Ministers of Belarus informed the head of state about the fulfillment of the economic security targets related to external debt in 2012, BelTA learnt from the press service of the Belarusian government.

As of 1 January 2013, Belarus’ external debt sustainability indicators were below the risk threshold. In particular, the gross external debt amounted to $34.1 billion or 54% of GDP (the risk threshold is 55%); external public debt stood at $12 billion or 19% of GDP (the threshold is 25%); external public debt repayment and service settlements were estimated at $1.5 billion, or 2.9% of foreign currency revenues (the threshold is 10%).

“Thus, the 2012 economic security requirements related to external debt were fulfilled. The Council of Ministers of Belarus and the National Bank will keep working to manage the gross external debt while strictly abiding by economic security requirements,” the government underlined.