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31 May 2016, 15:41

Anticrisis measures in Eurasian Economic Union's macroeconomic policy for 2016-2017

ASTANA, 31 May (BelTA) – The main guidelines of the macroeconomic policy of the Eurasian Economic Union member states for 2016-2017 are designed to tackle the crisis. Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan made the statement after the session of the Supreme Eurasian Economic Council in Astana, Kazakhstan on 31 May, BelTA has learned.

According to the source, during the session of the Supreme Eurasian Economic Council the presidents approved the main guidelines of the macroeconomic policy of the Eurasian Economic Union member states for 2016-2017. “The document is an anticrisis one. It specifies the most important short-term and medium-term tasks that the economies of our countries face,” said Tigran Sargsyan.

In his words, the measures the countries implement will be systematically monitored. “It will allow us to find bottlenecks as well as the joint measures that need to be implemented in order to realize the main principles laid down by the Eurasian Economic Union Treaty,” noted Tigran Sargsyan.

The official specified that efforts within the framework of the macroeconomic policy's implementation are coordinated to reach three main goals relating to inflation levels, the budget deficit size, and the state external debt. “Monitoring efforts allow detecting deviations from the targeted parameters specified by the union treaty. The main guidelines of the macroeconomic policy that we have discussed today and that are adopted allow the countries to pursue a coordinated policy for the sake of minimizing deviations from targeted parameters,” added the Chairman of the Board of the Eurasian Economic Commission.

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