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The Government Expects A 6.2% Economic Growth In 2013

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  • The Government Expects A 6.2% Economic Growth In 2013

    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.

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