Alexey Kudrin: the Balance of the account of current operations of Russia in 2009 will be zero
Minister of Finance Alexey Kudrin predicts that the balance of the account of current operations of the balance of payments of Russia in 2009 will be zero against 99 billion dollars following the results of 2008.
“ in the fourth quarter of last year in comparison with the first quarter of an abacus of current operations it was reduced in 4,5 times - from 37 billion dollars to 8 billion dollars, and as a whole for a year it has made 99 billion dollars. In 2009 the zero balance of the account of current operations " is expected; - it is told in Kudrin`s article about global financial crisis and its consequences for Russia published in magazine “ economy Questions “.
Reduction of prices on oil since May of last year and restriction of loans in a foreign market have caused essential easing of the balance of payments in the second half of the year 2008, the minister reminds.
As a result, pure inflow of the private capital at a rate of 83 billion dollars in 2007 has turned to its pure outflow in volume of 130 billion dollars in 2008.
RIA Novosti news agency