Surplus in the Russian budget in 2011 will reach 1% of the GDP. Instead of the expected deficit of 3.6% of the GDP, Russia will have a surplus of 0.8-1% of the GDP, Finances Minister Anton Siluanov said, Russia 24 reports.
Siluanov said that 2011 had good macroeconomic indicators. Inflation will reach 6.5%.
Commenting on capital drain, the minister said that it totals $85 billion. “It is a greater sum than the last year’s, but smaller than the years’ before”, Siluanov emphasized. The minister added that it would be strange to see an inflow of capital, because the world recession provokes investors to move capitals out of developing markets.
