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news.am, Armenia
Nov 28 2009
Undertaken reforms and projects to proceed: RA President
15:29 / 11/28/2009Those speaking of Armenia's big foreign debt do not
know a thing about economy, said RA President Serzh Sargsyan (RPA
chairman) Nov. 28 at the RPA 12th congress, NEWS.am correspondent
reports. According to Sargsyan, one lends money to those capable of
repaying.
RA President underlined that despite global crisis revenue-spending
indicators of 2010 state budget will exceed those of 2009. The
undertaken reforms and projects will proceed this year and the
Government vows to continue financial assistance to Nagorno-Karabakh.
According to Sargsyan, in recent years Armenia faced with unplanned
difficulties, inter alia global financial crisis, that resulted in 18%
GDP fall. `However, we managed to avoid social collapse, and crisis
consequences did not affect much our citizens. This was reached to a
large extent due to the government and businessmen efforts involved in
essential economic fields. However, currently, crisis diminishes and I
am confident we will pass this history test. We should take steps
implicating daily improvement of life in Armenia,' the President
concluded.
Nov 28 2009
Undertaken reforms and projects to proceed: RA President
15:29 / 11/28/2009Those speaking of Armenia's big foreign debt do not
know a thing about economy, said RA President Serzh Sargsyan (RPA
chairman) Nov. 28 at the RPA 12th congress, NEWS.am correspondent
reports. According to Sargsyan, one lends money to those capable of
repaying.
RA President underlined that despite global crisis revenue-spending
indicators of 2010 state budget will exceed those of 2009. The
undertaken reforms and projects will proceed this year and the
Government vows to continue financial assistance to Nagorno-Karabakh.
According to Sargsyan, in recent years Armenia faced with unplanned
difficulties, inter alia global financial crisis, that resulted in 18%
GDP fall. `However, we managed to avoid social collapse, and crisis
consequences did not affect much our citizens. This was reached to a
large extent due to the government and businessmen efforts involved in
essential economic fields. However, currently, crisis diminishes and I
am confident we will pass this history test. We should take steps
implicating daily improvement of life in Armenia,' the President
concluded.