Economy

Belarus' Foreign State Debt Totals $12.2bln as of October 1

Belarus' foreign state debt totaled $12.2 billion on October 1, 2012. The debt has increased by $115.7 million since the previous month and currently is $405.7 million more than nine months before.

The upper limit on the nation's foreign state debt was set at $14.3 billion this year, the ministry said, adding that the debt had increased largely because of foreign loans taken out by Belarus.

As a result of the increase, Belarus' state debt rose by 4.6 percent in the first nine months of 2012 to total 121.7 trillion rubels, the press office said.

The domestic state debt rose by 114.6 billion rubels to total 18 trillion rubels, with the limit being 34 trillion. The increase was caused by the weakening of the Belarusian rubel, the press office said.

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