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Economist Recommends To Cut Revenues And Expenses Of Budget

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  • Economist Recommends To Cut Revenues And Expenses Of Budget

    ECONOMIST RECOMMENDS TO CUT REVENUES AND EXPENSES OF BUDGET

    Panorama.am
    18:32 04/03/2009

    It is highly recommended to cut the revenues and the expenses of the
    state budget by 20%, said the President of "PolitEconomy" organization
    economist Andranik Tevanyan.

    According to the economist first the small and average size business
    should get privileges dismissing them from ATM and defining fixed
    fees for them.

    Regarding the crisis, Tevanyan said that the current situation in
    Armenia depends on the world crisis by 10-20% only. He says that we
    deal with the results of inaccurate policy.

    "The roots of the crisis have been put in 2007, when the economic
    strategy has been profoundly changed by the republicans," he said.
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