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Net volume of Russia’s domestic borrowings will total $6.3 bln in 2016

November 08, 2016, 15:57 UTC+3 MOSCOW
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MOSCOW, November 8. /TASS/. Net volume of Russia’s domestic borrowings will total 400 bln rubles ($6.3 bln) in 2016, Finance Minister Anton Siluanov said at the Federation Council, upper house of parliament.

"We will attract a significant amount of resources on the domestic market. If this year the figure will be 400 bln rubles in the following years it will be more than a trillion," he said.

In amendments to the 2016 budget, adopted by the State Duma, lower house of parliament, in the second reading, the Finance Ministry asked to increase domestic borrowings from 300 bln ($4.7 bln) to 500 bln rubles ($7.8 bln).

According to Siluanov, in 2017, the Finance Ministry plans to borrow up to 1 trillion rubles ($15.6 bln) on the domestic market.

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