During the same period, 4.1 billion kWh electric-energy was consumed in the domestic market – an increase of 7,2%.
The cut has been recorded as result of raising the efficiency of tax administration. Unfulfilled tax liabilities amounted to 122,750,0 million drams as of September 1 – a decrease of 7,459,1 million drams.
He said taking into account the analysis made and the ongoing developments, it is expected that the country will have 4.3% real economic growth by the end of the year.
“I don’t want in this case to use the word suspend since we have already signed agreements which suppose over 1.7 billion USD investment in our economy during the upcoming 7-8 years. In addition to this, in order to be able to effectively increase that 1.7 billion USD volume, we should have a conservative behavior”, the finance minister said
He added that by the end of 2016, Armenia’s overall foreign debt, including the CBA’s debt, comprised 56.6% in the GDP. By the end of this year this figure will approach to over 58.8%.
During the government session on September 22, Prime Minister Karen Karapetyan said during the recent Armenia-Diaspora conference in Yerevan, complex information on Armenia’s economic potential, investment programs and the recorded economic growth was presented, and in this sense the government has a task to make this more available.
The state revenue committee said the current system is being automated starting June of 2017. The process of license provision for imports of radio-electronic and (or) high-frequency devices for civilian use will be automated – it will substitute the earlier process whereby hardcopy documents had to be applied and presented.
During today’s Cabinet meeting, the Armenian government approved the subsidizing program for interest rates of loans for the agricultural sector.
He added that the path taken by the government at the moment is sufficient to some extent. At the same time he stated that they are dissatisfied with the implementation process of several programs and would like to have better results.
SME Investments provided 2,3 billion drams in loans in privileged conditions to 63 businesses in the reporting period.
