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Increase of budget expenditures and the world economic crisis

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  • Increase of budget expenditures and the world economic crisis

    Increase of budget expenditures and the world economic crisis
    17.01.2009 14:36

    Hasmik Dilanyan
    `Radiolur'

    Still at the end of 2008 people in Armenia were predicting that 2009
    would be hard economic year. This time the world crisis is guilty. It
    becomes clear from the words of our officials that there is no need to
    worry. Moreover, they say 2009 is going to be a year of an `ambitious
    budget that will combine the wishes and the opportunities.' In 2009 the
    judges and MP will be more secure. If everything proceeds according to
    the predetermined scenario, at the end of the year corruption risks
    will reduce in Armenia and better laws will be worked out.

    At the time when the world financial crisis was storming all over the
    world, our senior officials were saying Armenia was not concerned.
    Moreover, upon his return from Washington Prime Minister Tigran
    Sargsyan noted during his meeting with reporters that we could even
    draw benefits from the world economic crisis. There is no more
    financial stability on the world economic market. How will it affect
    the financial stability on the Armenian market? In this regard PM
    Tigran Sargsyan said: `We need to maintain the trust in our financial
    institutions without expectations that are far from reality.'

    Latter the main financial document ` the State Budget ` was put on
    discussion. According to officials, it is socially targeted. Right at
    the moment when the world was searching for ways to overcome the world
    economic crisis, the expenditures of our state budget increased.
    Opposition leaders were continuously stating that the buget included no
    concrete steps for overcoming the world crisis. Instead, it envisaged
    raise of judges' salary, for example.

    Again due to budget allocations, for the first time every MP will have
    an assistant with the salary of 80 thousand AMD. Chairman of the
    National Assembly's Standing Committee on Finance-Credit and Budgeting
    Issues Gagik Minasyan compares the salaries and expenditures of
    Armenian Deputies with foreign MP, and considers that the opportunities
    of Armenian MPs are very poor. `The countries with smaller budget
    create more favorable conditions for Deputies. In this regard, the
    adoption of the Law on assistants to Deputies was very fair,' he said.

    Will the high salaries and Assistants to MPs contribute to the
    reduction of corruption risks in our country, elaboration of
    practically applicable laws, overcoming the world crisis? It's hard to
    say now.
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