MOSCOW, June 30 (RIA Novosti) - Net capital inflow into Russia may increase threefold in the next three years, to reach $95-105 billion in 2011, the government said on Monday in its budget policy guidelines through 2011.

"Net capital inflow in 2011 may reach $95-105 billion, compared with $30 billion in 2008," the document said.

The highest net capital inflow to date was recorded in 2007, when it exceeded $80 billion.

However, the Finance Ministry has said that falling oil prices and a reduction in the value of exports in 2011 could result in zero growth of gold and currency reserves.

"As a result of such foreign trade dynamics, the annual increment of gold and currency reserves will fall substantially - from $125 billion this year to $0-10 billion in 2011," the document said.

The ministry also predicts that higher living standards and corporate revenues will stimulate imports, which are expected to grow 56.7% from 2009 through 2011, to $468.1 billion. As a result, Russia will have a negative foreign trade balance.