MINSK — Belarus plans to raise $1.5 billion through foreign loans next year, a top finance official said.
But the former Soviet republic will also need some $2 billion from privatizations to balance its budget, Oleg Selivyorstov, a deputy chief of the Finance Ministry's budget policy department, said in Minsk on Tuesday.
The country's debt servicing payment next year is expected to grow by $255 million to $783 million, the official said.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.