ARMENIAN GOVERNMENT APPROVES PROGRAM OF COUNTRY'S SUSTAINABLE DEVELOPMEMT

Noyan Tapan
Oct 30, 2008

YEREVAN, OCTOBER 30, NOYAN TAPAN. At the October 30 sitting, the
Armenian government approved the Program of Sustainable Development
of the Country.

Accoridng to the RA Minister of Finance Tigran Davtian, this
fundamental document specifies the strategy of the country's
development through 2021.

The minister said that it will be aimed at poverty reduction and
human development.

The program's indices are based on those of Eastern and Central
European countries. In particular, it is envisaged that in 2009 per
capita GDP will make a sum in drams equivalent to 4.2 thousand USD,
in 2012 - 5.8 thousand USD, in 2015 - 7.7 thousand USD, and in 2021 -
12.6 thousand USD. The material poverty level will make 12% in 2012,
10% in 2015, and 7% in 2021.

The extreme poverty level will be below 2% in 2012, and below 1.2%
in 2021.

T. Davtian said that the allocations to the health care and education
sectors will make up 3.6% and 4.5% of GDP respectively. In his words,
it is envisaged reaching the level of the EU's new member states by
various indices in 2017.