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Hrant Bagratyan: Role Of Large Taxpayers Decreases In Armenia's Budg

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  • Hrant Bagratyan: Role Of Large Taxpayers Decreases In Armenia's Budg

    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
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