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Premier: Armenia's Jan-Feb GDP 2.5 Times Greater Than Expected

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  • Premier: Armenia's Jan-Feb GDP 2.5 Times Greater Than Expected

    PREMIER: ARMENIA'S JAN-FEB GDP 2.5 TIMES GREATER THAN EXPECTED

    ARKA
    Apr 1, 2010

    YEREVAN, April 1. /ARKA/. Armenia's GDP in January and February 2010
    was 2.5 times greater than expected, Armenian Prime Minister Tigran
    Sargsyan said Thursday at a governmental meeting.

    He said that the steps taken by the government had a favorable impact
    on the national economy.

    The premier said that the greater-than-expected tax flow into the
    state budget gives ground for thinking that Armenia will record quite
    high economic growth this quarter.

    Sargsyan said that the current inflow of social pays is also plentiful.

    It was expected that the state budget would receive AMD 117 billion
    taxes over this quarter, but in fact, AMD 126.733 billion have been
    sent to the state budget since the beginning of this year.

    Besides, AMD 22 billion has been sent to the state budget as social
    pays, instead of the planned AMD 26 billion.

    "Very important is that wages in Armenia have risen 5.8% over the first
    quarter," the premier said adding that not only state-run agencies,
    but also private companies raised salaries.

    According to National Statistical Service of Armenia, the country's
    economy enjoyed 3.1% growth in January and February 2010, compared
    with the same months a year before.

    GDP in current prices amounted to AMD 321650 million, and the
    year-on-year GDP deflator index was recorded at 110.6% in January
    and February 2009.

    GDP growth is planned at 1.2% in the 2010 state budget. ($1 = AMD
    400.50).
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