WHERE INCOME IS LYING

Lragir.am
17-09-2007 17:07:05

Prime Minister Serge Sargsyan has already stated that the Armenian
government will present a 2.5 million dollar budget for 2008. On
September 17 the minister of trade and development of economy Nerses
Yeritsyan talked about the prospect of performance of this budget
and answered the question of reporters whether the load will not be
placed on small and medium-sized businesses.

"I think small businesses stand an opportunity to grow, and small
businesses will make the parallel economy for Armenia which will bring
about a new culture, transfer of new technologies," Nerses Yeritsyan
says. In other words, he says the tax basis will not change, and 2.5
billion will not be provided at the expense of small and medium-sized
businesses. "Our income grows, income should be taxed, consumption
grows, consumption will continue to be taxed, their share in the
budget is big," says Nerses Yeritsyan. He thinks the industry is not
weakening, but a policy of development is carried out.

"We have a 12 percent economic growth, and the share of return on tax,
the announced 2.5 billion, is not essential growth compared with the
GDP. In other words, we must be able to collect taxes from the output.

We have income. They may be transferred in different stages of economy,
from industry to consumption, from consumption to other spheres,
services, etc. And the collection of taxes, taxes move towards where
income is generated," Nerses Yeritsyan says.