Interfax quoted the Finance Ministry reported that Belarus posted a budget surplus in January to October 2011 of BYR 3.33 trillion or 1.5% of GDP.

Revenue totalled BYR 37.97 trillion Belarusian in the ten months, 77% of the annual target, including 13.64 trillion in VAT (79.1%), 10.9 trillion in foreign economic transaction revenue (72.8%), 4.32 trillion in excises (78.9%) and 2.96 trillion in profit tax (80.9%).

Spending totalled BYR 34.64 trillion including 15.76 trillion on general government spending (67.6%), 6.33 trillion on the national economy (68.9%) and 7.53 trillion on the social sector (72%).

The 2011 budget set revenue at BYR 33.61 trillion and spending at 39.61 trillion with a deficit of 6 trillion or 3% of GDP. The Finance Ministry expects a deficit of BYR 6.71 trillion Belarusian or 3.3% of GDP due to an increase in spending to 40.32 trillion.

(Sourced from Interfax)