Government net lending/borrowing in Belarus

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -0.2% 2027: -0.2% 2028: -0.1% 2029: -0.2% 2030: -0.2% 2031: -0.3%

-0.3 (2031) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 2031	-0.3
Jan 2030	-0.2
Jan 2029	-0.2
Jan 2028	-0.1
Jan 2027	-0.2
Jan 2026	-0.2
Jan 2025	0.2
Jan 2024	0.5
Jan 2023	0.8
Jan 2022	-2.0
Jan 2021	-0.2
Jan 2020	-2.9
Jan 2019	0.9
Jan 2018	1.8
Jan 2017	-0.3
Jan 2016	-1.7
Jan 2015	-3.0
Jan 2014	0.1
Jan 2013	-1.0
Jan 2012	0.4
Jan 2011	-2.8
Jan 2010	-4.2
Jan 2009	-7.2
Jan 2008	-10.9
Jan 2007	-7.8
Jan 2006	-7.7
Jan 2005	-6.7
Jan 2004	-7.1
Jan 2003	-6.7
Jan 2002	-7.8
Jan 2001	-4.7

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Belarus's government deficit (net borrowing) is the negative balance of the general government accounts when spending exceeds revenue over a year; when revenue exceeds spending there is a surplus. It is usually expressed as a share of GDP.

How it's calculated

Calculated as the difference between total revenue and non-financial spending of general government over the period, following national accounting standards. The outcome is set against GDP to obtain the ratio.

Market implications

The deficit drives the government's borrowing needs and the path of public debt. It is a key gauge of budgetary discipline and fiscal policy, particularly important in an economy with limited access to international markets.

Limitations

It is a low-frequency figure subject to revision. It is worth distinguishing the headline balance from the primary balance (which excludes debt interest) and from the cyclical component tied to the economic cycle.