Budget of the Mogilev region, first Quarter 2011
Revenues of the consolidated budget of the Mogilev region during the first quarter of 2011 amounted to Br 1034.7 billion, while the expenditure budget equaled to Br 998.3 billion.
65.8% or Br 656.7 billion of the consolidated regional budget was allocated to cover the priority expenses (wages with charges, medicines and medical products, food products, the current budget transfers to population, subsidies, housing organizations, utilities, debt service payments by local authorities and government).
In the first four months of the year the regional budget has minimal surplus. The ongoing financial crisis started in April and therefore it did not have a significant impact on the reported budget figures. At the same time the financial crisis will affect the second quarter of this year and significant deficit of the regional budget is expected. Indeed, it will also affect the decision of the Russian Federation to raise export duties on oil products. First of all, it will impact the chemical and textile cluster of Mogilev (Mogilevchimvolokno, Mogotex).
Last week, Belarusian Foreign Minister Makei participated in the foreign ministers’ meeting of the Eastern Partnership and Visegrad Group initiative hosted by Warsaw. The Belarusian FM emphasized Belarus' interest in cooperation in the transport sector, which could be due to Belarus’ desire to export electricity surplus after Belarus finished construction of the nuclear power plant in Ostrovets. Minsk expressed concerns about Warsaw’s stance on the Belarusian NPP, as it refused to buy electricity from Belarus and supported Vilnius’ protest on this issue. Following accusations by the Belarusian leadership and the state media against western states, including Poland, of training "nationalist militants", Minsk did not agree on the visit of the European Parliament deputies from Lithuania and Germany to Belarus and to the NPP construction site near Ostrovets in particular. In addition, the Belarusian authorities have stepped up efforts to enforce education in Russian in Polish-language schools in Grodno and Vaukavysk. Should a rift in Belarusian-Polish relations persist, the Belarusian authorities are likely to step up the pressure on the Polish-speaking minority in Belarus.