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Benefit Instead Of Debt

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  • Benefit Instead Of Debt

    BENEFIT INSTEAD OF DEBT
    Lena Badeyan

    A1+
    | 12:20:14 | 15-10-2005 | Politics |

    In the opinion of economist Eduard Aghadjanov, the program of returning
    the deposits is not an economic but a populist step and the decision
    has all the chances to remain on paper.

    The budget for 2006 provides for a sum of $140 million to be allocated
    for the reimbursement of the deposits. "I was always surprised how
    inattentiveness of our authorities towards this issue", he says. In
    his opinion the government will not be able to return the deposits
    with the means of donor organizations. The economist also noted that
    in 14 states the deposits have been already returned.

    The soon return of deposits seems unreal Eduard Aghadjanov, however
    he is not pessimistic. The authorities have undertaken a serious
    step forward.

    According to his calculations shadow economy in Armenia makes
    50%. He thinks that the authorities decided to arouse the issue on
    the threshold of the constitutional referendum.
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