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.
“Appoint me head of department for a week and I’ll exactly give numbers. Mr. Mirumyan, you wrote a number, am I a child that you mislead me and ignore my word? By the indices we again will be back from neighboring Georgia. For instance, I can eliminate VAT on the border for 3 years, which I did in 1996.”
Penalties for delaying taxes, defined by the tax legislation, are being considerably reduced: it comprised 0.15% upon the existent law, currently it’s defined 0.75%. The Government considers if the taxpayer was disciplined and didn’t manage to pay out of certain reasons, he should be able to continue his activity, and not close the business and leave.
The draft Tax Code to be voted at NA extraordinary session finally may be found on NA official website. SME Cooperation Association revealed some details.
The revision of gas and electricity tariff policy will be discussed under the supervision of Prime Minister Karen Karapetyan after the Government’s session. After the session the PM asked the Chairman of the Public Services Regulatory Commission Robert Nazaryan how much time is needed for presenting proposals on the revision of the policy.
