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Former PM Says Armenia's 2012 Budget Encourages Emigration, Blames T

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  • Former PM Says Armenia's 2012 Budget Encourages Emigration, Blames T

    FORMER PM SAYS ARMENIA'S 2012 BUDGET ENCOURAGES EMIGRATION, BLAMES TIGRAN SARGSYAN

    epress.am
    11.17.2011

    Armenia's 2012 state budget will encourage emigration more;
    essentially, it will be an emigration budget, said Armenain National
    Congress representative Hrant Bagratyan, who was prime minister of
    Armenia from 1993-96, while speaking to reporters in Yerevan today.

    Bagratyan noted that there won't be room for redistribution for
    the benefit of the people in the 2012 budget, since taxes on major
    taxpayers will amount to 2-2.5 billion drams, while, as a result of
    inflation, the added value of goods people will have to pay will be
    50 billion drams.

    "With all due responsibility I declare and invite the attention of
    both [Armenian President] Serzh Sargsyan and the Republican Party of
    Armenian [HHK]: listen, the density of major taxpayers and the rich
    into the account of use of national income will continue to increase.

    That is, 2012 is going to be a fruitful year for the rich, while
    poverty will continue," he said.

    Speaking as well about economic growth, Bagratyan said, when there's an
    up to 3% annual decrease in population, which also leads to a reduction
    in consumption, it's not possible to speak of any real possible growth.

    "Again I'm making use of the occasion and I am issuing a warning: I
    know [Armenian Prime Minister] Tigran Sargsyan well - until he doesn't
    destroy, he won't go; he's not one to build anything. I am advising
    HHK to draw conclusions. Perhaps he's pulled the wool over the eyes
    of that party. You can't go to elections without promising people at
    least something insignificant, at least promising that things won't
    get worse. On the contrary, they say it's going to get worse. This
    already contains some elements of cynicism. That is, the government
    says I'm not even going to try to do anything," said the former PM.




    From: A. Papazian
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