Belarus: lower export duty on potash fertilizers to have little effect on budget

The reduction of the customs duty on the export of potash fertilizers will not substantially influence the state budget, Belarusian First Deputy Finance Minister Maxim Yermolovich declared after an expanded-participation session of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus on June 14. When asked whether this…

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Ukraine: Cabinet to keep defense expenditures in 2018 at 5% of GDP

Ukraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…

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