Life in Rural Kyrgyzstan
World|economy|November 5, 2019 / 03:44 PM
Belarus faces $239 mln budget shortfall in 2020 due to Russian oil tax change

AKIPRESS.COM - Belarus will face a budget shortfall of $239 million in 2020 because of planned changes to Russian oil taxes, Reuters said citing the First Deputy Finance Minister Yuri Seliverstov.

Moscow had earlier refused a request from Belarus for compensation from a change in Russian oil taxes, known as the oil tax manoeuvre, which envisages a gradual cut to oil export duties over the next few years.

Seliverstov also said that the overall budget shortfall in 2020 was expected to be $850 million.

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