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President Kocharyan Content With Budget Execution In The First Quart

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  • President Kocharyan Content With Budget Execution In The First Quart

    PRESIDENT KOCHARYAN CONTENT WITH BUDGET EXECUTION IN THE FIRST QUARTER

    ArmRadio.am
    23.04.2007 16:20

    The results of the first three months of budget execution and the further
    deeds were discussed during President Robert Kocharyan's working consultations,
    featuring RA Prime Minister, the Minister of Finance and Economy, Heads of
    National Statistical and State Tax Sevices and the State Custom Committee,
    other officials.

    Robert Kocharyan said the first quarter showed that the economic growth is
    higher than it was envisaged by the budget. In the President's words, it is a
    positive trend that has been sustained for seven years.

    "This year is a pre-elective one, and I see double positive trend here. The
    business and economy experience no troubles connected with the pre-electoral
    process and are confident that our policy of business development will remain
    unchanged. Today we must be able to take correct decisions and set correct
    tasks before the tax and custom services," Robert Kocharyan mentioned.

    The president said he is satisfied with the work carried out during the
    first three months.

    Presenting the results of the first quarter, the Minister of Finance and
    Economy Vardan Khachatryan noted that 1 % economic growth has been registered
    instead of the 9% envisaged by the budget, which has caused the necessity to
    reconsider the future deeds and programs.

    Robert Kocharyan said there are still serious reserves, and we should work
    in this direction. Emphasizing the struggle against shadow economy as the
    primary task of the tax and custom services, the President noted it can be
    effective only in case it is done in a fair way and applies to everyone.

    Concluding the meeting, the President said he anticipates consistent work on
    the part of tax and custom services and emphasized that their activity will
    remain in the focus of his attention.
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