Russian finance ministry to borrow less in 2018 due to lower deficit: minister
Reuters
Published Jan 17, 2018 09:54AM ET
Russian finance ministry to borrow less in 2018 due to lower deficit: minister
MOSCOW (Reuters) - Russia's finance ministry plans to borrow less this year than in 2017 due to a smaller budget deficit and higher oil revenues, Finance Minister Anton Siluanov told RBC TV in an interview on Wednesday.
"The deficit is shrinking this year and total borrowing volumes will be less than in 2017," he said. "The total amount of revenues... including from oil... will be enough to cover borrowing needs if we decide not to tap the market."
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Written By: Reuters
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