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WILL OSKANIAN HANG THE BELL HIMSELF?
Naira Hayrumyan
Story from Lragir.am News:
http://www.lragir.am/engsrc/comments26818.html
Published: 15:53:42 - 11/07/2012
Yesterday, the ex-foreign minister of Armenia, current MP from PAP,
Vartan Oskanian wrote in his Facebook page that the issue on the
foreign debt of Armenia and on its effectiveness should be raised
during the September session of the National Assembly.
This is a very serious issue which worries everyone in Armenia. First,
since 2013, Armenia will have to spend more than USD 400 million
annually on the foreign debt and this will surely impact on the pocket
of each citizen. Second, there is no use of the foreign debt besides
the fact that it helps maintaining the social stability: there are no
new enterprises, jobs, enhancement of tax collection and development
of economy. Third, the foreign debt has become a slipknot for the
country which the creditors are puling - the West, Russia.
Will Vartan Oskanian himself raise this issue? This question was
asked during the discussion of the program of the government but
in the context of the economic policy. Correspondingly, after the
adoption of the program of the government, this issue was removed.
This issue needs to be posed in the conceptual sense - where the
infinite debts are taking Armenia? Excuses such as other countries have
similar debts are nonsense because the other countries develop their
economies and try to become payable. Countries like Greece and Armenia
may go bankrupt because they are just surviving on account of the debt.
According to Oskanian, the state debt, if Russia gives 1 billion,
will amount to the 55% of the GDP. Before taking another loan, he is
sure, the government should explain to the society the effectiveness
of the use of these means.
The Armenian government should honestly state about the state of
affairs or to show serious proofs that the debt is effectively used
and we are able to pay it off, or state that we are on the edge of
bankruptcy and call on people to national agreement. These are our
money and our debts, and no one has the right to hide the real state.
The state seems to be deplorable. Today the Zhogovurd newspaper
published data that it has been two months that salaries are not paid
in a number of public institutions in Armenia. This is explained by
the fact that "there is no money in the budget". "The same situation
is even in some ministries and agencies under them. Anyway, yesterday
the newspaper received appropriate signals from one of the institutions
under the ministry of health", the newspaper notes.
Naira Hayrumyan
Story from Lragir.am News:
http://www.lragir.am/engsrc/comments26818.html
Published: 15:53:42 - 11/07/2012
Yesterday, the ex-foreign minister of Armenia, current MP from PAP,
Vartan Oskanian wrote in his Facebook page that the issue on the
foreign debt of Armenia and on its effectiveness should be raised
during the September session of the National Assembly.
This is a very serious issue which worries everyone in Armenia. First,
since 2013, Armenia will have to spend more than USD 400 million
annually on the foreign debt and this will surely impact on the pocket
of each citizen. Second, there is no use of the foreign debt besides
the fact that it helps maintaining the social stability: there are no
new enterprises, jobs, enhancement of tax collection and development
of economy. Third, the foreign debt has become a slipknot for the
country which the creditors are puling - the West, Russia.
Will Vartan Oskanian himself raise this issue? This question was
asked during the discussion of the program of the government but
in the context of the economic policy. Correspondingly, after the
adoption of the program of the government, this issue was removed.
This issue needs to be posed in the conceptual sense - where the
infinite debts are taking Armenia? Excuses such as other countries have
similar debts are nonsense because the other countries develop their
economies and try to become payable. Countries like Greece and Armenia
may go bankrupt because they are just surviving on account of the debt.
According to Oskanian, the state debt, if Russia gives 1 billion,
will amount to the 55% of the GDP. Before taking another loan, he is
sure, the government should explain to the society the effectiveness
of the use of these means.
The Armenian government should honestly state about the state of
affairs or to show serious proofs that the debt is effectively used
and we are able to pay it off, or state that we are on the edge of
bankruptcy and call on people to national agreement. These are our
money and our debts, and no one has the right to hide the real state.
The state seems to be deplorable. Today the Zhogovurd newspaper
published data that it has been two months that salaries are not paid
in a number of public institutions in Armenia. This is explained by
the fact that "there is no money in the budget". "The same situation
is even in some ministries and agencies under them. Anyway, yesterday
the newspaper received appropriate signals from one of the institutions
under the ministry of health", the newspaper notes.