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ARMENIA BUDGET MONEY LOOTING IS $700 MILLION - OPPOSITION MP
November 04, 2013 | 12:11
YEREVAN. - The looting of the budget money of Armenia is $700 million.
Levon Zurabyan-opposition Armenian National Congress Party
Vice-Chairman and Armenian National Congress bloc National Assembly
(NA) Faction leader-stated the aforesaid at Monday's NA discussions
devoted to the 2014 State Budget.
In his words, the largest looting of the money is carried out before
the money actually enters the budget.
"The [country's] economy is concentrated in the hands of a few
families. They make use of numerous unlawful privileges and do not pay
the taxes that they are required to pay to the budget," Zurabyan said.
According to the analyses by international organizations, the
tax-GDP ratio should be 21 percent for a country like Armenia and,
in this case, the GDP-budget volume would amount to $3.6 billion,
Zurabyan argued.
In response, Minister of Economy Vahram Avanesyan noted that Armenia's
state revenue ratio to that of the GDP is over 23 percent which,
as per the minister, is a reasonable indicator.
"[But] we can record some problems that need solving," Avanesyan added.
http://news.am/eng/news/179090.html
November 04, 2013 | 12:11
YEREVAN. - The looting of the budget money of Armenia is $700 million.
Levon Zurabyan-opposition Armenian National Congress Party
Vice-Chairman and Armenian National Congress bloc National Assembly
(NA) Faction leader-stated the aforesaid at Monday's NA discussions
devoted to the 2014 State Budget.
In his words, the largest looting of the money is carried out before
the money actually enters the budget.
"The [country's] economy is concentrated in the hands of a few
families. They make use of numerous unlawful privileges and do not pay
the taxes that they are required to pay to the budget," Zurabyan said.
According to the analyses by international organizations, the
tax-GDP ratio should be 21 percent for a country like Armenia and,
in this case, the GDP-budget volume would amount to $3.6 billion,
Zurabyan argued.
In response, Minister of Economy Vahram Avanesyan noted that Armenia's
state revenue ratio to that of the GDP is over 23 percent which,
as per the minister, is a reasonable indicator.
"[But] we can record some problems that need solving," Avanesyan added.
http://news.am/eng/news/179090.html