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LAWMAKER: ARMENIAN AUTHORITIES' ECONOMIC ACTIVITY AND PROGRAMS DESTRUCTIVE
/ARKA/
October 31, 2011
YEREVAN
YEREVAN, October 31. /ARKA/. Armenian authorities' economic activity
and programs are destructive, Vahan Hovhanisyan, head of Armenian
Revolutionary Federation Dashnaktsutiun's faction in the National
Assembly, said at a news conference on Monday.
"A new tax package has been presented," he said. "We didn't look
through it completely, but know that quite positive provisions will be
included in it. However, we ask why our government obliges the State
Revenue Committee to put so heavy pressure on small and mid-scale
businesses."
On September 29, Armenian government approved the 2012 draft budget.
The budget revenue is projected at AMD 910 billion, spending AMD
1042.5 billion and deficit 132.5 billion here.
In this draft budget, tax revenue is planned to be enlarged by AMD
101 billion.
Hovhanisyan said that the authorities, understanding very well that
they are unable to put heavier tax burden on large economic entities,
decided to suck small and mid-scale businesses dry.
"The whole weight of the tax burden will be borne by those who are
in need of support to breathe, develop their businesses and get rich
to send more money to the budget," he said.
The lawmaker is convinced that GDP growth, new jobs and development
of businesses, not administrative levers, can intensify tax flows
into the government budget.
He said that some provisions based on his party's proposals would be
included in the package as well.
"However, it is not clear yet what components will enlarge the budget
and which sectors will show obvious growth," he said.
Hovhannisyan said that his remarks were preliminary, not final.
Earlier, Armenian Prime Minister Tigran Sargsyan said that the
government had come up with legislative initiatives to ease small
and medium entrepreneurs' tax burden and tighten grip on large-income
businesses. ($1 = AMD 378.58).
/ARKA/
October 31, 2011
YEREVAN
YEREVAN, October 31. /ARKA/. Armenian authorities' economic activity
and programs are destructive, Vahan Hovhanisyan, head of Armenian
Revolutionary Federation Dashnaktsutiun's faction in the National
Assembly, said at a news conference on Monday.
"A new tax package has been presented," he said. "We didn't look
through it completely, but know that quite positive provisions will be
included in it. However, we ask why our government obliges the State
Revenue Committee to put so heavy pressure on small and mid-scale
businesses."
On September 29, Armenian government approved the 2012 draft budget.
The budget revenue is projected at AMD 910 billion, spending AMD
1042.5 billion and deficit 132.5 billion here.
In this draft budget, tax revenue is planned to be enlarged by AMD
101 billion.
Hovhanisyan said that the authorities, understanding very well that
they are unable to put heavier tax burden on large economic entities,
decided to suck small and mid-scale businesses dry.
"The whole weight of the tax burden will be borne by those who are
in need of support to breathe, develop their businesses and get rich
to send more money to the budget," he said.
The lawmaker is convinced that GDP growth, new jobs and development
of businesses, not administrative levers, can intensify tax flows
into the government budget.
He said that some provisions based on his party's proposals would be
included in the package as well.
"However, it is not clear yet what components will enlarge the budget
and which sectors will show obvious growth," he said.
Hovhannisyan said that his remarks were preliminary, not final.
Earlier, Armenian Prime Minister Tigran Sargsyan said that the
government had come up with legislative initiatives to ease small
and medium entrepreneurs' tax burden and tighten grip on large-income
businesses. ($1 = AMD 378.58).