Belarus: public finances

How big is Belarus's government debt?

Belarus's general government gross debt was 31.3% of GDP in 2025, according to the IMF World Economic Outlook database. The IMF projects 31.1% for 2026. In 2022 the ratio was 40.8%.

The IMF figures use a common definition so countries can be compared; the Ministry of Finance publishes national data on the public debt in its own terms. Figures for the latest years can be estimates, and the IMF revises them in each edition of the database.

Official sources: IMF World Economic Outlook database

Does Belarus have a budget deficit?

Belarus's general government had a balance of 0.1% of GDP in 2025, a small surplus, according to the IMF World Economic Outlook database. The IMF projects a surplus of 0.4% of GDP in 2026. The balance was a deficit of 2.0% in 2022 and a surplus of 1.0% in 2024.

Net lending or borrowing is revenue minus spending for all levels of government; a positive number is a surplus. The Ministry of Finance publishes monthly execution of the consolidated budget on its website, but its tables could not be read in a usable form here on 15 October 2026.

Official sources: IMF World Economic Outlook database

What is Belarus' debt to GDP ratio?

31.3% of GDP: that is general government gross debt in Belarus for 2025, according to the IMF. Its high point since 2005 was 2011, at 58.2% of GDP; its low point was 2005, at 8.1% of GDP. Across Europe & Central Asia the middle value was 46.9% of GDP, and Belarus placed 37th highest of 51. World rank, highest first: 150th of 185.

Does Belarus' government borrow more than it raises?

According to the IMF, general government net lending or borrowing in Belarus was 0.1% of GDP in 2025. Since 2005 it has ranged from -10.9% of GDP (2008) to 1.8% of GDP (2018). Across Europe & Central Asia the middle value was -2.4% of GDP, and Belarus placed 14th highest of 51. Worldwide: 34th of 188.

How much does Belarus' government take in?

In 2025, general government revenue in Belarus was 41.3% of GDP, according to the IMF. Its high point since 2005 was 2008, at 49.1% of GDP; its low point was 2020, at 35.2% of GDP. Europe & Central Asia median: 41.3% of GDP; Belarus is 25th highest of 50. Worldwide: 38th of 187.

How much does Belarus' government spend?

In 2025, general government spending in Belarus was 41.3% of GDP, according to the IMF. Its high point since 2005 was 2008, at 60.0% of GDP; its low point was 2021, at 36.7% of GDP. Europe & Central Asia median: 43.3% of GDP; Belarus is 29th highest of 50. Of 186 countries with 2025 data, 49th highest.

What is tax revenue in Belarus?

According to the IMF, central government tax revenue in Belarus was 13.0% of GDP in 2024. Its high point since 2005 was 2008, at 25.4% of GDP; its low point was 2022, at 11.2% of GDP. It is 38th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. Of 92 countries with 2024 data, 70th highest.

What is Belarus' military budget as a share of GDP?

2.4% of GDP: that is military spending in Belarus for 2025, according to SIPRI. Its high point since 2005 was 2005, at 5.6% of GDP; its low point was 2017, at 1.6% of GDP. It is 16th highest of 46 in Europe & Central Asia, where the median is 2.0% of GDP. Worldwide: 40th of 149.