Analytic and Standard View

Currently, Belarus is compiling an analytical and standard presentation of the balance of payments. The difference between them is that the balance of payments is derived in the analytical presentation, showing the dependence of the country’s economy on the outside world. The balance can be positive, which indicates that the country is a creditor of the outside world. The negative balance of balance shows the country’s debt to the outside world.

An analytical presentation is obtained from the standard way of allocating from the financial account the balance of payments of operations called emergency financing operations. Emergency financing operations are usually attributed to operations related to changes in the country’s reserve assets, as well as related to changes in overdue debts to the outside world. In addition, the countries that make up the balance of payments have the right to independently determine the operations that relate to financing. In the analytical presentation of the balance of payments of the Republic of Belarus, the financing item includes operations related to changes in the reserve assets of the republic, payments for attracting and repaying the main debt of loans of the International Monetary Fund, operations, related to changes in overdue debts for servicing loans attracted under the guarantee of the Government of the Republic of Belarus, as well as overdue debts for importing energy into the republic.