The budget surplus in recent years is spent on supporting state-owned enterprises and paying off government debt. Inflation is slowing, but VAT revenues are rising. Real costs of the consolidated budget in 2017 decreased. Instead of structural reforms, there is still support for the state sector of the Belarusian economy.
Authors: Uladz AKULICH, Helen KHLUS, Dzmitry BARTOSHPP_1_2018_Macrocenter