Boris Jeliba

The paper describes the situation with the public debt of Belarus on the background of recession of Belarusian economy. It reflects changes in the financial situation of Belarusian economy. The decrease in bank interest rates and inflation, stabilization of the exchange rate of Belarusian ruble are analysed. It is shown that the decline in bank interest rates is achieved by the National Bank of the country by administrative means; the stability of the Belarusian ruble is achieved due to the receipt of currency on the market from the population, who try to maintain their accustomed standard of living despite the fall of their income. The necessity of structural reforms of Belarusian economy is considered.