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Armenian State Budget of 2007 Paradoxical and Absurd: ROA Economist

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  • Armenian State Budget of 2007 Paradoxical and Absurd: ROA Economist

    ARMENIAN STATE BUDGET OF 2007 IS A PARADOXICAL AND ABSURD DOCUMENT:
    ARMENIAN ECONOMIST

    Yerevan, December 15. ArmInfo. The Armenian state budget of 2007 is a
    paradoxical and absurd document, Eduard Agajanov, an Armenian
    economist who held the post of the Armenian Statistics Minister (now
    the National Statistical Service) in 1995-1998, said at a
    press-conference at the National press-club, Friday, According to
    Eduard Agajanov, the parameters of the state budget should comply with
    the country's economic policy. The Program of the Armenian
    government's activity says that the country is guided by the creation
    of innovative structure. However, for its creation not a single dram
    is allotted by the state budget of 2007. 5-7 bln AMD or 0.19% of the
    GDP is to be spent on science, and nothing is said about target
    programs, meanwhile in such a developed country as the USA, the target
    programs make up 90% of the country's GDP, E.Agajanov.

    He also noted that in such transition countries as Armenia export is
    the key term of the economic progress. The Armenian state budget of
    2007 stipulates reduction of export from 27% of the GDP to 20.1%, and
    it's hard to understand how the country will develop by reducing
    export.

    In this connection, he said that the state budget should undergo a
    highly skilled expert examination. Armenia has excellent specialists
    in the economic sphere, e.g. former Prime Ministers of Armenia Hrant
    Bagratyan and Armen Darbinyan, who would certainly conduct an
    expertise. But their services are refused, as a result the is
    acknowledged an unprepared transaction both by the Armenian and
    Russian sides. Eduard Agajanov said he respects Armenian Defence
    Minister Serzh Sargsyan and his contribution to the army, but he has
    nothing to do with economy. However, he leads the Armenian side of the
    Armenian-Russian Inter-parliamentary Commission for economic
    cooperation.
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