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Russian Ministry of Finance corrected its Predictions concerning Capital Outflow in 2015

It will be lower than predicted rate.

04.Mar.15 12:40 PM
By Lubov Kovaleva


Russian Ministry of Finance corrected its Predictions concerning Capital Outflow in 2015
Representatives of Russian Ministry of Finance are sure that that capital outflow from the country in 2015 will be less than it was predicted before. At first specialists said about $120-130 billion dollars. At the same time current forecasts mention from $90 to$100 billion dollars. In addition the majority of these funds include payments on external debts. They will include about $60-$70 billion dollars. Such forecast has been made by Russian Minister of Finance Anton Siluanov.

“We expect about $30 billion dollars of capital outflow in the first quarter of the current year. If we take the whole 2015, the final rate will not be more than $90-$100 billion dollars which is less than we predicted in advance. At the same time the amount of payments on external debts are from $60 to $70 billion dollars”, - said Siluanov.

Meanwhile Russian Central Bank makes its own forecasts. According its prediction the overall amount of capital outflow will be up to $118 billion dollars in 2015. It will continue the tendency of the previous year when this rate became 2.5 times higher in comparison with 2013. In 2014 the final figure was $115.5 billion dollars.

According to the latest information provided by Ministry of Finance deficit of Russian budget is about $33.3 billion dollars while GDP is 3.8%.

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