The Finance Ministry was going to raise $3 billion on foreign markets in 2016

Moscow. November 13. The Finance Ministry expects while keeping the situation on external markets to attract there to $3 billion next year, said Finance Minister Anton Siluanov, speaking in the state Duma.

“We aim to enter foreign markets, how these external borrowings are at interest rates acceptable to us. Up to $3 billion in the draft budget provides for a right of access to foreign markets. I am sure that if the situation will not change fundamentally, we will be able to attract the money to Finance the deficit of the budget,” he said.

The Minister also noted that net domestic borrowing will be in 2016 300 billion rubles to 80 billion rubles this year. However, the main source of financing the deficit remains the Reserve Fund.

Siluanov also said that the Finance Ministry expects capital outflow in 2015 to $60-65 billion, “We see a decline in the outflow of capital and, on the contrary, in the third quarter even its tributary. Our estimates for the current year is about $60-65 billion, which is significantly less than we originally did (forecast – approx. If) at the beginning of the year where scores were more than $150 billion,” he said.