Russian Economy General News: #7

Austin wrote:What he is saying is Public Debt Can be increased to 25 % of GDP  without risk to Macroincrease stability

Current debt is 13 % of GDP so increasing to 25 % means 12 % increase.  Every 1 % increase in debt adds 900 billion Rouble.

So they can easily borrow 10-11 Trillion Roubles  and increase debt to 25 % without any risk to macro economic stability

Or lets say government can borrow 1 Trillion each year for the next 10 years , Infact they are just doing just that borrowing 1 trillion each year in 2017 ,18,19 to cover budget deficit instead of spending from NWF

Moscow. January 17. INTERFAX.RU - Net capital outflow from Russia in 2016 decreased by 3.7 times, to $ 15.4 billion compared to 2015, when it was $ 57.5 billion, the Bank of Russia materials indicate.

"Large-scale restriction of net export of capital has developed mainly due to a sharp decline in the intensity of the reduction of external liabilities of the banking sector", - said in a commentary regulator.

This positive balance of foreign trade of the Russian Federation in 2016 has decreased by 1.7 times, to $ 87.8 billion, compared with $ 148.5 billion in 2015. Direct investments of non-residents in the non-banking sector of the Russian Federation in 2016 were $ 25.8 billion, which is 4.4 times more than in 2015 ($ 5.9 billion).

Austin wrote:Net capital outflow from Russia in 2016 fell by almost 4-fold

Moscow. January 17. INTERFAX.RU - Net capital outflow from Russia in 2016 decreased by 3.7 times, to $ 15.4 billion compared to 2015, when it was $ 57.5 billion, the Bank of Russia materials indicate.

"Large-scale restriction of net export of capital has developed mainly due to a sharp decline in the intensity of the reduction of external liabilities of the banking sector", - said in a commentary regulator.

This positive balance of foreign trade of the Russian Federation in 2016 has decreased by 1.7 times, to $ 87.8 billion, compared with $ 148.5 billion in 2015. Direct investments of non-residents in the non-banking sector of the Russian Federation in 2016 were $ 25.8 billion, which is 4.4 times more than in 2015 ($ 5.9 billion).

http://www.interfax.ru/business/545760

kvs wrote:Ah yes, repaying foreign bank loans is "capital outflow".   Much like borrowing from abroad increases the GDP.  So all that Russia needs to do is to borrow, borrow and borrow from abroad and get a bigger and bigger GDP.

Moscow. January 20th. INTERFAX.RU - The federal budget in 2016, according to preliminary Ministry of Finance estimated a deficit of 2 trillion 967.3 billion rubles, or 3.5% of GDP. The volume of GDP in 2016 amounted to 84 trillion 120 billion rubles. Law on Budget for 2016 was provided for a deficit of 3.7% of GDP. The primary deficit was formed in the amount of 2 trillion 346 billion rubles, or 2.8% of GDP.

Budget revenues amounted to 13 trillion last year, 459.500 billion rubles, or 100.7% to the volume of revenues, approved by the Budget Law, the Ministry of Finance said in a report on the results of budget implementation. The volume of oil and gas revenues in 2016 amounted to 4 trillion 831.650 billion rubles, or 101.1% of the forecast for the year, non-oil revenues - 8 trillion 627.850 billion rubles, or 100.4% of the annual forecast.

Expenditures amounted to $ 16 trillion 426.798 billion rubles, or 100.1% of total expenditures approved by the budget law, and 98.7% of updated painting. The balance of internal and external sources of financing the deficit amounted to 2 trillion 924.499 billion rubles, and 42.798 billion rubles, respectively.

The Federal Tax Service (FTS) was administered for the year revenue 6 trillion 918.370 billion rubles, or 100.9% of the forecast figure, the Federal Customs Service - at 4 trillion 397.640 billion rubles (100.9%), other federal agencies - 2 trillion 143.491 billion rubles (99.6%). In December, the budget was executed with a deficit of 1 trillion 123.72 billion rubles, or 14.7% of GDP.

Rmf wrote:free land in siberia project is starting..

Project Canada wrote:
Central Bank: Recovery of Russian economy opens up room for lower interest rate

http://tass.com/economy/927042

whir wrote:

Rmf wrote:free land in siberia project is starting..

Surveyed and desire .

Moscow. The 25th of January. INTERFAX.RU - Russian banks in 2016 increased profits by 4.8 times compared to the result for the previous year, accompanied by a deterioration in the quality of loans and an increase in the reserves up to 930 billion rubles, expenses, the statistics on the website of the CBR. In December, the banking sector earned a profit of 141 billion rubles, which is twice as good financial results for December 2015.

At the same time over the past year we have reduced the volume of loans to legal entities by 9.5% - to 30.135 trillion rubles, but the volume of loans to individuals increased by 1.1% - to 10.804 trillion rubles, according to the Central Bank statistics. The total amount of loans to the economy (non-financial enterprises and households) decreased by 6.9% in 2016 - up to 40.939 trillion rubles.

The assets of Russian banks decreased by 3.5% in 2016 and amounted to 80.063 trillion rubles. natural persons deposits in Russian banks grew by 4.2% in 2016 - up to 24.200 trillion rubles, funds of legal entities decreased by 10.1% and amounted to 24.322 trillion rubles.

Rmf wrote:yes and regional authoity will give 1 more hectare per person. hectare is 100m x 100m.
so young couple will have 4 hectares.

Austin wrote:Russian banks in 2016 received 930 billion rubles of profit

http://www.interfax.ru/business/546904

Moscow. The 25th of January. INTERFAX.RU - Russian banks in 2016 increased profits by 4.8 times compared to the result for the previous year, accompanied by a deterioration in the quality of loans and an increase in the reserves up to 930 billion rubles, expenses, the statistics on the website of the CBR. In December, the banking sector earned a profit of 141 billion rubles, which is twice as good financial results for December 2015.

At the same time over the past year we have reduced the volume of loans to legal entities by 9.5% - to 30.135 trillion rubles, but the volume of loans to individuals increased by 1.1% - to 10.804 trillion rubles, according to the Central Bank statistics. The total amount of loans to the economy (non-financial enterprises and households) decreased by 6.9% in 2016 - up to 40.939 trillion rubles.

The assets of Russian banks decreased by 3.5% in 2016 and amounted to 80.063 trillion rubles. natural persons deposits in Russian banks grew by 4.2% in 2016 - up to 24.200 trillion rubles, funds of legal entities decreased by 10.1% and amounted to 24.322 trillion rubles.

Agricultural production in Russia in 2016 reached 5.626 trillion rubles, which is 4.8% more than in 2015. This is stated in the materials of the Federal State Statistics Service (Rosstat).

Gross grain harvest in Russia in 2016, according to preliminary data, amounted to 119.1 million tons. This is 13.7% more than in the previous year.

In addition, the increased gross harvest of sugar beet (23.8%) and sunflower seeds (15.2%). Gross harvest of potatoes decreased by 7.8%, vegetable collection increased by 0.9%. flax production fell by 8.8%.

In the structure of grain production in 2016 compared to 2015 increased relative weight of wheat, rye, cereals and legumes, the weight of corn, barley and oats.

The number of cattle at the end of December 2016, according to estimates, was 18.7 million head, up 1.6% compared with the corresponding date of the previous year.



Читайте далее: http://izvestia.ru/news/660042#ixzz4WqRASCzz

whir wrote:

Rmf wrote:yes and regional authoity will give 1 more hectare per person. hectare is 100m x 100m.
so young couple will have 4 hectares.

One hectare equals ten thousand square metres and there's a big difference between willing to own for free some land plot in the middle of nowhere and actually living there.

The whole deal is just another speculative scheme and most of those lands are going to end up in the portfolio of some timber company or agribusiness holding for the greater good of deforesting Siberia.

whir wrote:

Rmf wrote:yes and regional authoity will give 1 more hectare per person. hectare is 100m x 100m.
so young couple will have 4 hectares.

One hectare equals ten thousand square metres and there's a big difference between willing to own for free some land plot in the middle of nowhere and actually living there.

The whole deal is just another speculative scheme and most of those lands are going to end up in the portfolio of some timber company or agribusiness holding for the greater good of deforesting Siberia.