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Ministry of Economy of the Republic of Belarus : Belarus to export 7 million tonnes of potash fertilizers in 2014

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11/15/2013 | 06:53am EDT

MINSK, 14 November (BelTA) - Belarus plans to export 7 million tonnes of potash fertilizers in 2014. The information was released by Belarusian Deputy Economy Minister Alexander Yaroshenko at the expanded participation session of the Economic Policy Commission and the Budget and Finance Commission of the House of Representatives of the National Assembly on 14 November, BelTA has learned.

The expanded participation session tabled the most important parameters of the national social and economic development forecast for 2014, the central state budget draft for the next financial year, and amendments to Belarusian tax laws.

The Deputy Economy Minister voiced some important figures used to compile the nation's social and economic development forecast for 2014. "According to the latest estimates we have set the export of potash fertilizers at 7 million tonnes in 2014. Prices are expected to drop a bit," noted Alexander Yaroshenko.

The sales of potash fertilizers will help secure a foreign trade surplus of about $105 million in 2014. Previous projections relying on 5 million tonnes of potassium chloride export expected a foreign trade deficit.

Belarus' GDP growth is expected at 3.3%. As much as 3.1% should be secured by the external demand, with 0.2% to be covered by the domestic demand, said the Deputy Economy Minister.

The forecast for 2014 expects inflation at 11% (December against December). The exchange rate of the Belarusian ruble against the US dollar is expected to be Br9,800.

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