Announcement

Collapse
No announcement yet.

Tigran Sargsyan: Armenia Enters High Inflation Period

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Tigran Sargsyan: Armenia Enters High Inflation Period

    TIGRAN SARGSYAN: ARMENIA ENTERS HIGH INFLATION PERIOD

    PanARMENIAN.Net
    01.04.2010 14:05 GMT+04:00

    /PanARMENIAN.Net/ Armenian Prime Minister Tigran Sargsyan said that
    the RA government is concerned over inflation, however, it is a result
    of expanded monetary-credit and tax-budgetary policy implemented by
    the RA government and Central Bank.

    "We have entered a high inflation period. 0.8% inflation was recorded
    in Armenia in March as compared with February, and this is not a bad
    index," Mr. Sargsyan told a government session on April 1. He added
    that the annual inflation index reached 8.8%. According to forecasts
    for 2010, inflation will make 7%.

    With respect to this, the PM voiced confidence that the Armenian
    government and Central Bank will manage to restrain the inflation
    pressures and the figure will decrease by the yearend.

    According to Mr. Sargsyan, Armenia and the International Monetary
    Fund have agreed with respect to the inflation suppression that the
    macroeconomic indexes will have an insignificant impact on inflation
    in 2010. "Moreover, if we manage to preserve the same level of tax
    collection as recorded in the first quarter, it will allow suppressing
    inflation in the country," he said.
Working...
X