HRANT BAGRATYAN: ROLE OF LARGE TAXPAYERS DECREASES IN ARMENIA'S BUDGET

PanARMENIAN.Net
November 2, 2010 - 13:18 AMT 09:18 GMT

Armenia's former prime minister Hrant Bagratyan said that judging
from budget indices, Armenia's economy is getting centralized,
i.e. the market economy and competition are weakening.

"Taxes paid by Armenia's large taxpayers over the first nine months
of 2010 increased by 17.7% compared to the same period of last year.

Meanwhile, 19.2% growth was recorded in the budgetary revenues during
the reporting period. It means that the role of large taxpayers
is decreasing, while small and medium enterprises pay more taxes,
what runs counter to the policy declared by the Prime Minister,"
Bagratyan told a press conference.

Besides, the former prime minister believes that the increase in
budgetary revenues should not be considered a growth, as the high
inflation exceeds it. Bagratyan reported that 45-60% increase was
recorded in prices for cheese over several days.




From: A. Papazian