Alexander Lukashenko: Residents of Belarus should not worry about Russia's oil tax maneuver

17 декабря 2018

Residents of Belarus should not worry about Russia's oil tax maneuver. Even with the worst case scenario, there will be no disaster.

This was announced today by Alexander Lukashenko, taking the report on the law on the new budget and the updated Tax Code. Our President stressed that such actions primarily affect the work of the Union State and the EAEU. However, these omissions can be resolved during the meeting of the leaders of Belarus and Russia.

As for the budget, Alexander Lukashenko demanded to optimize all expenses and remove extra burden on the state wallet. This applies to various procurement and international events. In general, the budget 2019 is formed according to a conservative scenario.

This week, the draft budget will be sent to the parliament. The overall direction is quite positive - the GDP growth rate is at the level of 102 percent. The refinancing rate will remain 10 percent. The price for a barrel of oil is 60 dollars.