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Net capital inflow into Russia may increase threefold in the next three years, to reach $95-105 billion in 2011, the government said on Monday in its budget policy guidelines through 2011.
"Net capital inflow in 2011 may reach $95-105 billion, compared with $30 billion in 2008," the document said.
The highest net capital inflow to date was recorded in 2007, when it exceeded $80 billion.
However, the Finance Ministry has said that falling oil prices and a reduction in the value of exports in 2011 could result in zero growth of gold | Ads |  |
and currency reserves.
"As a result of such foreign trade dynamics, the annual increment of gold and currency reserves will fall substantially - from $125 billion this year to $0-10 billion in 2011," the document said.
The ministry also predicts that higher living standards and corporate revenues will stimulate imports, which are expected to grow 56.7% from 2009 through 2011, to $468.1 billion. As a result, Russia will have a negative foreign trade balance.
MOSCOW, June 30 (RIA Novosti)
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