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Armenia's 2012 state budget - `social' or `pre-electoral'
The newly-adopted budget doesn't look reassuring, nor does it prove
Armenia's past the crisis and instability, according to Stepan
Safaryan.
On December 8, Armenian National Assembly adopted 2012 state budget
with 66 votes in favor and 2 against. Heritage and ARF Dashnaktutyun
parliamentary groups did not vote.
December 10, 2011
PanARMENIAN.Net - The final version of 2012 state budget stipulates
AMD 911,6 bln revenues, AMD 1044,1bln expenses and AMD 132,5 bln
deficit. Deficit rate in GDP is forecast to total 3,1% against 3,95%
stipulated for 2011 state budget. The parliament also adopted a
legislative package of tax reforms to ensure growth of AMD 101 bln tax
inflow for 2012.
The budget envisages economic growth of 4,2% and inflation rate of 4% (+,-1.5%).
According to experts, the budget can be described as social, with
pensions and allowances to be increased by AMD 3000 and 2700
respectively.
The head of Heritage opposition party's parliamentary group
characterized the Armenian National Assembly-adopted 2012 state budget
as `pre-electoral.'
`The budget was adopted in a desperate attempt to resolve the problems
which hadn't been solved over the last 4 years,' Stepan Safaryan told
a PanARMENIAN.Net reporter. `The newly-adopted budget doesn't look
reassuring, nor does it prove Armenia's past the crisis and
instability. As for the budget implementability, the authorities, as
usual, will fulfill it through external debt increase, giving no
thought to the ways of paying it off.'
According to the Union of Manufacturers and Businessmen (Employers) of
Armenia (UMB(E)A) Vazgen Safaryan, the authorities should change the
budget policy and make it investment-targeted, what would create a
basis for the country's economic development.
Meanwhile, displeased with the government's activity, ARF
Dashnaktsutyun (ARFD) opposition party drafted a resolution,
suggesting Armenian President Serzh Sargsyan consider a vote of no
confidence in the government. `The government, which, over the years,
proved unable to reach the goals stipulated in 2008-2012 program is
not to be trusted,' ARFD member Armen Rustamyan told the National
Assembly.
The proposal was rejected by the parliament with13 MPs voting in
favor, 48 against, 4 abstentions.
Time will show whether the budget will really help solve social
problems or will become a tool in the election race.
From: Emil Lazarian | Ararat NewsPress
The newly-adopted budget doesn't look reassuring, nor does it prove
Armenia's past the crisis and instability, according to Stepan
Safaryan.
On December 8, Armenian National Assembly adopted 2012 state budget
with 66 votes in favor and 2 against. Heritage and ARF Dashnaktutyun
parliamentary groups did not vote.
December 10, 2011
PanARMENIAN.Net - The final version of 2012 state budget stipulates
AMD 911,6 bln revenues, AMD 1044,1bln expenses and AMD 132,5 bln
deficit. Deficit rate in GDP is forecast to total 3,1% against 3,95%
stipulated for 2011 state budget. The parliament also adopted a
legislative package of tax reforms to ensure growth of AMD 101 bln tax
inflow for 2012.
The budget envisages economic growth of 4,2% and inflation rate of 4% (+,-1.5%).
According to experts, the budget can be described as social, with
pensions and allowances to be increased by AMD 3000 and 2700
respectively.
The head of Heritage opposition party's parliamentary group
characterized the Armenian National Assembly-adopted 2012 state budget
as `pre-electoral.'
`The budget was adopted in a desperate attempt to resolve the problems
which hadn't been solved over the last 4 years,' Stepan Safaryan told
a PanARMENIAN.Net reporter. `The newly-adopted budget doesn't look
reassuring, nor does it prove Armenia's past the crisis and
instability. As for the budget implementability, the authorities, as
usual, will fulfill it through external debt increase, giving no
thought to the ways of paying it off.'
According to the Union of Manufacturers and Businessmen (Employers) of
Armenia (UMB(E)A) Vazgen Safaryan, the authorities should change the
budget policy and make it investment-targeted, what would create a
basis for the country's economic development.
Meanwhile, displeased with the government's activity, ARF
Dashnaktsutyun (ARFD) opposition party drafted a resolution,
suggesting Armenian President Serzh Sargsyan consider a vote of no
confidence in the government. `The government, which, over the years,
proved unable to reach the goals stipulated in 2008-2012 program is
not to be trusted,' ARFD member Armen Rustamyan told the National
Assembly.
The proposal was rejected by the parliament with13 MPs voting in
favor, 48 against, 4 abstentions.
Time will show whether the budget will really help solve social
problems or will become a tool in the election race.
From: Emil Lazarian | Ararat NewsPress