YEREVAN. – The 2017 budget shall be realistic and consistent with macroeconomic developments, Finance Minister Vardan Aramyan stated at Tuesday’s National Assembly debates on the bill of the 2017 State Budget of Armenia.

But he noted that these debates need to consider economic developments, too.

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“The precept of macroeconomic stability is important,” added the minister. “We need to go with anti-budget consolidation through debt stabilization.”

In Aramyan’s words, expenditures need to be conservative in the coming year, so that the debt would be manageable for the future, and not go beyond the dangerous domain.

“The precept for tax revenue collection is also important,” stressed the minister.

As per Vardan Aramyan, the overall budget has maintained its previous indicators.