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Hrant Bagratyan: It's Immoral To Describe 2011 National Budget As So

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  • Hrant Bagratyan: It's Immoral To Describe 2011 National Budget As So

    HRANT BAGRATYAN: IT'S IMMORAL TO DESCRIBE 2011 NATIONAL BUDGET AS SOCIALLY ORIENTED

    PanARMENIAN.Net
    November 2, 2010 - 13:46 AMT 09:46 GMT

    Former Armenian Prime Minister Hrant Bagratyan has stated that the
    Armenian government will try to fake up 3-4% GDP growth by the end
    of 2010.

    He also said that it's immoral to describe 2011 national budget as
    socially oriented.

    "The national budget revenues totaled AMD 746 billion in 2008, AMD 760
    billion in 2009 and AMD 770 in 2010. These are expected to reach AMD
    850 billion in 2011. With 26% inflation during the past four years,
    the revenues will actually decrease by 12%," Bagratyan told journalists
    on November 2.

    "The minimum salary was raised from AMD 30 thousand to AMD 32,5
    thousand, i.e 6%, while inflation was 20%. This means that the salary
    was cut, as a matter of fact," he said.




    From: A. Papazian
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