Storchak: external borrowing in 2016 could exceed $3 billion

LIMA (PERU), 9 Oct. The volume of external borrowings of the Russian Federation in 2016 under favorable conditions may exceed the project budget of 3 billion dollars, reported to journalists the Deputy Minister of Finance of Russia Sergey Storchak.

“The budget is quite flexible. While we’re talking about three billion. The market will be good — we will probably be able to change our plans,” — said Storchak.

The Ministry of Finance, according to the draft budget for next year, plans in 2016 to place on the external market for government securities to $ 3 billion, whereas in previous years were traditionally laid to the Russian budget limit external borrowing at $ 7 billion.

Thus, according to Storchak, it is premature to talk about what tools and in which markets will be made of borrowing. “The equivalent of three billion pledged, and the tools may be different, the markets may be different,” he said.