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8.8 Percent Economic Growth In 2007

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  • 8.8 Percent Economic Growth In 2007

    8.8 PERCENT ECONOMIC GROWTH IN 2007

    KarabakhOpen
    30-04-2008 11:43:34

    On April 29 the NKR National Assembly kicked off the discussion of
    the annual report on the performance of the state budget in 2007.

    The authorized representative of the government Nver Baghdasaryan,
    the deputy minister of finance, said in 2007 the economic growth
    was 8.8 percent, and the GDP totaled 70.8 billion drams. The volume
    of production totaled 22.4 billion drams, which is up by 6.4 percent
    compared with 2006, the volume of agricultural production totaled 23.8
    billion dram, and the volume of construction totaled 20.8 billion drams
    (growth 18.2 percent).

    The representative of the government read out the information that
    last year 1500 jobs were created, mostly in education, production
    and governance. The average salary was 68,610 drams. People's income
    increased by 19.3 percent and expenses increased by 18.4 percent
    compared with 2006.

    Member of Parliament Benik Bakshiyan was interested in the annual
    flow of financial means to Karabakh. The deputy minister said the
    real volume should not be judged by remittances. The member of
    parliament asked to present at least the bank information. However,
    Nver Baghdasaryan did not utter any number because he did not know.

    The report on budget performance will be discussed till May 7 by all
    the committees and factions.
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