BELARUS NEWS AND ANALYSIS
DATE:
28/08/2010
Belarus says may double 2010 deficit f'cast to 3 pct
MINSK, Aug 28 (Reuters) - Belarus may double its budget deficit to 3 percent of gross domestic product this year from a previously forecast 1.5 percent, the president's press service said late on Friday.
Belarus, whose economy was hit by economic crises in its chief export markets, Russia and the European Union, ended 2009 with a deficit of 0.7 percent, or $300 million.
The press service also said that GDP was set to grow by 9 percent to 10 percent in 2011, compared with a forecast of 7.5 percent to 10 percent this year. The International Monetary Fund expects the Belarus economy to expand by 2.4 percent in 2010.
Belarus has issued $1 billion worth of Eurobonds this year to plug the deficit hole.
(Reporting by Olga Tomashevskaya; Writing by Vladimir Soldatkin; Editing by Nick Macfie)
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