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THE GOVERNMENT EXPECTS A 6.2% ECONOMIC GROWTH IN 2013
Lusine Vasilyan
"Radiolur"
16:44 30.10.2012
Discussions of the draft state budget for Fiscal Year 2013 started
at the Standing Committees of the National Assembly today. Prime
Minister Tigran Sargsyan briefed the MPs on the main peculiarities
and directions of the main financial-economic document. Minister of
Finance Vache Gabrielyan and President of the Central Bank presented
the main indices and the answered the questions of the MPs.
According to Tigran Sargsyan, the 2013 state budget is based on three
main principles - ensuring of economic competitiveness, development
of the human capital and development of effective institutions. Based
on these principles the government has targeted four objectives -
maintenance of economic growth, radical changes in the social sphere,
improvement of the business and investment climate and macroeconomic
stability.
The government expects a 6.2% economic growth in 2013 instead of the 7%
projected for 2012. Tigran Sargsyan reminded about the predictions
of the International Monetary Fund and the World Bank, according
to which the world economy may find itself in a dangerous condition
in 2013. Taking note of these predictions, the government will give
preference to the implementation of a cautious macroeconomic policy.
From: Emil Lazarian | Ararat NewsPress
Lusine Vasilyan
"Radiolur"
16:44 30.10.2012
Discussions of the draft state budget for Fiscal Year 2013 started
at the Standing Committees of the National Assembly today. Prime
Minister Tigran Sargsyan briefed the MPs on the main peculiarities
and directions of the main financial-economic document. Minister of
Finance Vache Gabrielyan and President of the Central Bank presented
the main indices and the answered the questions of the MPs.
According to Tigran Sargsyan, the 2013 state budget is based on three
main principles - ensuring of economic competitiveness, development
of the human capital and development of effective institutions. Based
on these principles the government has targeted four objectives -
maintenance of economic growth, radical changes in the social sphere,
improvement of the business and investment climate and macroeconomic
stability.
The government expects a 6.2% economic growth in 2013 instead of the 7%
projected for 2012. Tigran Sargsyan reminded about the predictions
of the International Monetary Fund and the World Bank, according
to which the world economy may find itself in a dangerous condition
in 2013. Taking note of these predictions, the government will give
preference to the implementation of a cautious macroeconomic policy.
From: Emil Lazarian | Ararat NewsPress