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TATUL MANASERYAN: THE COUNTRY'S AGRICULTURE IS VULNERABLE
Hasmik Dilanyan
"Radiolur"
23.09.2010 18:10
The present and the future of Aremnian economy. Economist continue
analyzing the country's economic policy and giving assessments.
Chairman of the National Assembly's Standing Committee on Economic
Issues Vardan Ayvazyan says the government's anti-crisis program
yields real results. Economist Tatul Manaseryan considers that "the
country's agriculture is vulnerable, so as food security."
"Of course, one can blame the unfavorable weather conditions, which
is true. But it does not justify the policy designed for agricultural
sector. To be frank, I think there is no policy at all,' he said.
National Assembly's Standing Committee on Financial-Credit and
Budgetary Affairs Gagik Minasyan says serious progress has been
registered as a result of the anti-crisis measures taken. However,
according to him, the high economic indices were somewhat undermined
because of the fall registered in the field of agriculture.
The economists are concerned about inflation rate in the republic.
"Inflation reached 7.7% last month, which considerably exceeds the
level fixed by the Law on State Budget," Gagik Minasyan said.
"The government is doing its best to softe the inflation," Vardan
Ayvazyan said, adding, however, that sometimes surprises happen.
"There is an opportunity to keep the inflation rate down artificially,
but it's not known what this could result in, because no research has
been carried out in Armenia in that direction," Tatul Manaseryan said.
According to the data of the National Statistical Service, in the
first eight months of 2010 Armenia's Gross Domestic Product (GDP)
expanded by 3.1% from a year before, the GDP grew, in terms of money,
to 2.042.8 trillion AMD. The GDP growth, projected by 2010 budget is
1.2 percent.
From: A. Papazian
Hasmik Dilanyan
"Radiolur"
23.09.2010 18:10
The present and the future of Aremnian economy. Economist continue
analyzing the country's economic policy and giving assessments.
Chairman of the National Assembly's Standing Committee on Economic
Issues Vardan Ayvazyan says the government's anti-crisis program
yields real results. Economist Tatul Manaseryan considers that "the
country's agriculture is vulnerable, so as food security."
"Of course, one can blame the unfavorable weather conditions, which
is true. But it does not justify the policy designed for agricultural
sector. To be frank, I think there is no policy at all,' he said.
National Assembly's Standing Committee on Financial-Credit and
Budgetary Affairs Gagik Minasyan says serious progress has been
registered as a result of the anti-crisis measures taken. However,
according to him, the high economic indices were somewhat undermined
because of the fall registered in the field of agriculture.
The economists are concerned about inflation rate in the republic.
"Inflation reached 7.7% last month, which considerably exceeds the
level fixed by the Law on State Budget," Gagik Minasyan said.
"The government is doing its best to softe the inflation," Vardan
Ayvazyan said, adding, however, that sometimes surprises happen.
"There is an opportunity to keep the inflation rate down artificially,
but it's not known what this could result in, because no research has
been carried out in Armenia in that direction," Tatul Manaseryan said.
According to the data of the National Statistical Service, in the
first eight months of 2010 Armenia's Gross Domestic Product (GDP)
expanded by 3.1% from a year before, the GDP grew, in terms of money,
to 2.042.8 trillion AMD. The GDP growth, projected by 2010 budget is
1.2 percent.
From: A. Papazian