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ARMENIA'S BUDGET SHOULD NOT AIM TO COLLECT MONEY: FORMER CENTRAL BANK CHAIR
epress.am
11.04.2011
It's good that stabilizing inflation up to 4%, as well as 4.4% economic
growth, is in the Armenian government's plans, but it's not enough
to solve the country's problems, former chair of Armenia's Central
Bank, current Armenian National Congress (HAK) representative Bagrat
Asatryan told journalists in Yerevan today.
Speaking about the planned increase of 100 billion Armenian drams
($263.9 million USD) in tax revenue in the 2012 state budget, Asatryan
said that's no small change.
"100 billion drams is not a small figure, but collecting it is not
so impossible - taking into account that in terms of tax collection,
it's not a big problem. 55-60 of the 100 [billion] depends on the
increase in revenue, on inflation. A portion of the other 40 billion
drams falls on excise and other types of taxes," he said.
In the opinion of the former Central Bank chair, this budget has one
purpose, to collect fiscal money, and this is the first thing that
should go. In Asatryan's opinion, Armenia will live worse in 2012
than it did in 2011.
Comparing the country with neighboring Georgia, Asatryan said Georgia
was worse off in terms of economic problems, but in the last 4-5 years,
it has registered much progress.
epress.am
11.04.2011
It's good that stabilizing inflation up to 4%, as well as 4.4% economic
growth, is in the Armenian government's plans, but it's not enough
to solve the country's problems, former chair of Armenia's Central
Bank, current Armenian National Congress (HAK) representative Bagrat
Asatryan told journalists in Yerevan today.
Speaking about the planned increase of 100 billion Armenian drams
($263.9 million USD) in tax revenue in the 2012 state budget, Asatryan
said that's no small change.
"100 billion drams is not a small figure, but collecting it is not
so impossible - taking into account that in terms of tax collection,
it's not a big problem. 55-60 of the 100 [billion] depends on the
increase in revenue, on inflation. A portion of the other 40 billion
drams falls on excise and other types of taxes," he said.
In the opinion of the former Central Bank chair, this budget has one
purpose, to collect fiscal money, and this is the first thing that
should go. In Asatryan's opinion, Armenia will live worse in 2012
than it did in 2011.
Comparing the country with neighboring Georgia, Asatryan said Georgia
was worse off in terms of economic problems, but in the last 4-5 years,
it has registered much progress.