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Armenia's Budget Shows Signs Of Surmounting Crisis: Minasyan

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  • Armenia's Budget Shows Signs Of Surmounting Crisis: Minasyan

    ARMENIA'S BUDGET SHOWS SIGNS OF SURMOUNTING CRISIS: MINASYAN

    Tert.am
    30.04.10

    Gagik Minasyan, an Mp from the Republican Party of Armenia and Head
    of Standing Committee on Financial-Credit and Budgetary Affairs of
    the National Assembly of Armenia, presented the budgetary executive
    results for first quarter of 2010 at a press conference today.

    According to Minasyan the industry sector has seen a 10% growth,
    while the services sector and agriculture have seen 6% and 3% growth
    respectively.

    There has been no downfall in the construction sector, while this
    quarter's indicators are equal to those in the same period in 2009.

    Minasyan considered those indicators as a "positive trend" and shared
    the view that the 2010 budget has some elements to surmount the crisis.

    At the same time he mentioned that the crisis is over in Armenia
    and that soon it will be possible to speak about the possibility to
    register such indicators as Armenia had before the economic crisis.

    Pointing to inflation as a negative indicator Minasyan expressed
    hope that the Armenian authorities will do their best so that the
    inflation will be around 4% (±1.5%) at the end of the year.
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