April 09, 2014 09:40
Russian Econ Ministry revises capital outflow forecast up to $100 bln for 2014
MOSCOW. April 9 (Interfax) - Russia's Economic Development Ministry has increased its capital outflow forecast for this year to $100 billion from the previous $25 billion, Deputy Economic Development Minister Andrei Klepach said at a Tuesday evening briefing in Moscow.
The outflow forecast for next year in the conservative scenario is increased to $50, in the base scenario to $40 billion. The previous forecast was for zero outflow in 2015.
Central Bank figures published on Tuesday show that net capital outflow from Russia by banks and companies jumped 80% to $50.6 billion in the first quarter of 2014 from $27.5 billion in the same period of 2013. However, this was less than the Economic Development Ministry's projection of $60 billion-$70 billion for the quarter.
"With [forex] swaps this is almost $60 billion [for the first quarter]. Maybe $10 billion less [for the year], but for now this is within the limit of accuracy. We're not going to change the forecast [for the year] for the time being," Klepach told Interfax, commenting on the Central Bank figures and the possibility of a new revision of the forecast for the year in light of the lower that expected figure for the first quarter.
In the base scenario the ministry is forecasting zero capital outflow in 2016, compared to a previously projected inflow of $20 billion, and an inflow of $10 billion in 2017. The conservative scenario projects an outflow of $20 billion in 2016 and $10 billion in 2017.
Cf pr vp of ak
(Our editorial staff can be reached at eng.editors@interfax
September 01, 2016
August 31, 2016
Ukrainian positions in Donbas shelled 12 times on Wednesday - headquarters
Ex-Federation Council member Popelnyukhov charged with embezzlement of 1 bln rub spent money on construction of plants in Venezuela - defense
DPR military accuses Kyiv of new shellings of Yasynuvata
All problems in Arctic can be solved by way of constructive dialogue - Russian Presidential Envoy Chilingarov
Rosoboronexport reports loss of over 1 bln rub due to fraud during construction of plants in Venezuela
Kosachyov calls elimination of ISIL 'spokesman' another step to victory over terrorists
Russian Paralympic Athletes applying individually to IPC to be cleared for Rio Games to appeal against possible rejections with CAS - Russian Paralympic Committee (Part 2)
Puchkov reaffirms to Italian ambassador Russia ready to help clean up quake's aftermath
Russian stock market falls on Wed following oil, global markets
Abandoning of int'l standings deprives country of opportunity to become one of global leaders - Naryshkin
Ruble slightly changes against dollar on Wed, falls against euro
Only 2 of 12 Kyrgyz citizens killed in fire in Moscow stayed in Russia on legal grounds - Russian Prosecutor General's Office