The Russian government will consider establishment of a common economic space of Russia, Kazakhstan and Belarus on April 21, RIA Novosti cites the Cabinet as saying.
A package of documents on macroeconomic policy was signed in Moscow on December 9, 2010, introduced to the Russian Ministries of Foreign Affairs and Economic Development.
The documents provide conditions for sustainable economic growth of the members of the Customs Union (Russia, Kazakhstan and Belarus) and sustainable integration.
The deals determine the goals, principles and basic trends of macroeconomic policy, its coordination, list of economic figures and integration cooperation.
The agreements set forecasts on Brent oil prices, development of world economy and currencies.
The state budget deficit is set below 3% of the GDP, state debt below 50% of the GDP, inflation under 5%.
The figures come into force on January 1, 2013. Coordination of the macroeconomic policy will be carried out by the Commission of the Customs Union.
The deal was developed by the inter-government council of the Eurasian Economic Community within the plan to form a common economic space of Belarus, Kazakhstan and Russia for 2010-2011.
