Belarus had a budget surplus of 5.094 trillion Belarusian rubles (Br) in January-November 2008, or 4.4% of GDP, the Finance Ministry told Interfax.
The surplus excluding the national welfare fund was 3.1 trillion Br or 2.7% of GDP.
The budget had revenues of 44.713 trillion Br in the 11 months (96.4% of the target for the year), including 3.1 trillion Br from the profit tax (96.1%), 7.32 trillion Br from VAT (94.2%), 3.456 trillion rubles from excises (93%) and 9.7 trillion Br from foreign economic activity (93.3%).
Budget spending totaled 39.619 trillion Br (83.2% of target for the year), including 8.786 trillion Br in general spending (80.8%), 11.878 trillion Br in financing for the national economy and housing sector (82%) and 15.6 trillion Br in the social area (85.8%).
The 2008 budget targeted a deficit equal to 1.2 trillion Br or 1% of GDP. Revenue was set at 46.396 trillion Br and spending at 47.594 trillion Br.
Belarus had a budget surplus of 295.2 billion rubles in 2007, or 0.3% of GDP. The budget was approved with a deficit targeted at 1.43 trillion Br or 1.5% of GDP.
The exchange rate on January 11 was 2,645 Belarusian rubles/$1.