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. Last Updated: 07/27/2016

Siluanov Sees 4.5% Growth

Russia's economy could grow 4.5 percent this year, and the government will probably run a budget surplus of 0.5 percent of gross domestic product, acting Finance Minister Anton Siluanov said Monday.

The government could reduce next year's borrowing target by 200 billion rubles ($6.45 billion) to 1.6 trillion rubles, he said. Siluanov also estimated that capital outflows may exceed $85 billion this year.

(Bloomberg)