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Ministry Of Finance: Belarus To Lose $ 8-12 Billion Due To “Tax Maneuver”

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Ministry Of Finance: Belarus To Lose $ 8-12 Billion Due To “Tax Maneuver”

The economy will feel losses next year.

“The total budget losses amount to Br630 million,” – Finance Minister of Belarus Maksim Yermalovich told reporters on the margins of the Council of Ministers of the “union state,” BelTA reports.

According to him, the republican budget of Belarus for 2019 has been formed according to the pessimistic scenario of the economy and takes into account the negative impact of the tax maneuver on the budget.

The total losses may range from $ 8 billion to $ 12 billion by 2024. At the same time, the Belarusian side is counting on resolving the issue of compensation during the negotiations.

“Estimates can be very different, they depend on the price of oil. I hope that we will manage to avoid such significant losses during the negotiations, and we will find a solution to this problem in the near future,” Maksim Yermalovich added.

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