The Ministry of Finance of Belarus expects to attract additional funds from Russia to help repay the state debt. It also plans to borrow on the domestic market. The announcement was made by Finance Minister Yury Seliverstau during an expanded meeting of the Standing Commission of the House of Representatives on Budget and Finance.
According to Sputnik, the minister said that next year the government will need to repay 17.7 billion rubles of state debt. Servicing the debt will require 6 billion rubles, which will be covered by budget revenues.
“To make the repayments, it will be necessary to attract additional resources, which we plan to receive as financial assistance from the Russian Federation in accordance with previously reached agreements,” Seliverstau said.
He also added that the government will work on refinancing part of the public debt. In the domestic market, bonds worth about 560 million rubles are expected to be issued.