MOSCOW, March 1 (RIA Novosti) - Russia's GDP will grow 5.7% in 2007 and 5.9% in 2008, the Finance Ministry's press service said Wednesday.
The forecast is set out in the adjusted financial plan for 2006-2008 approved by the government's budget drafting commission.
"[The financial plan] suggests that the exchange rate of the dollar will be 27.9 rubles per dollar in 2007 and 28 rubles in 2008," the ministry said.
The oil price fixed to draft the 2007 and 2008 budgets is $46 per barrel, with the cut-off price for the Stabilization Fund, set up to accrue windfall profits from high world oil prices, at $27 per barrel.
