The next signal of not waiting for speedy changes was given through budget draft 2017. It was stated that a rather tough budget will be available, expenditures will be considerably reduced.
In the declarations of these two Ministers there is one noteworthy circumstance, both have “inclined” to US dollar in the period of last year.
The Commission on Ethics of High-Ranking Officials of Armenia has already issued declarations of property and income of Armenian PM Karen Karapetyan and newly appointed Ministers as from the moment of assuming their positions.
The newly appointed Minister stated if the Government didn’t initiate means, then the result would have been negative. He noted that in the period of 2014-15-16 Armenia’s debt has grown by USD 900 million, i.e. just as much as transfers have been reduced.
State debt of the Republic of Armenia as of late August 2016 comprised AMD 2 trillion 603.8 billion or USD 5 billion 484.86 million. As RA National Statistical Service informs, as compared to the beginning of the year, the state debt has grown by AMD 147.5 billion, and only throughout August—AMD 40.2 billion.
NA MPs and related persons fill in annual declarations, which are published on the website of Ethics Commission. Thus, data of MPs regarding monetary resources, incomes, estate and loans for 2012 and 2015 have been introduced. A tool has been created, due to which, by using flexible filters, it’s possible to see how much e.g. monetary resources of RPA comprise or which incomes majoritarian MPs had.
According to the academician, Armenia’s economy has 6 main “black holes” (shortcomings), after overcoming which only one may think of boosting investment growth.
“Changes were necessary in Armenia’s economic policy. And formation of the new Government is an impetus itself, that those changes will take place. It’s also obvious from the mandate, that the country’s president gave to the PM.”
Aghanbegyan stated that together with the GSCM founder Radik Vadunts they visited all the regions of Armenia, met heads of companies, local authorities, MPs. At the same time, they worked towards studying Armenia’s social-economic condition.
The amended version of the Tax Code, which was introduced into the agenda of NA extraordinary session by the second reading, rather late appeared on NA official website. The MPs and experts basically had no time to familiarize with the amendments after the first reading and mainly had to be led by the speech and answers of RA SRC Deputy Chairman Vakhtang Mirumyan.
