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President Of RA CB: RA Government Still Fails To Increase Share Of T

PRESIDENT OF RA CB: RA GOVERNMENT STILL FAILS TO INCREASE SHARE OF TAXES IN THE COUNTRY’S GDP

arminfo
2007-11-13 18:14:00

ArmInfo. Armenian Government still fails to increase the share of taxes
in the country’s GDP, President of Central Bank Tigran Sarkisyan said
in the parliament, Tuesday, presenting the CBA’s conclusion on the
2008 draft budget.

According to T. Sarkisyan, "taxes-GDP" relation may eventually
become problematic. As CB’s president emphasized, in 2008 the share
of taxes in GDP of Armenia will make up 15,6%, in 2009-16,1% and in
2010-16,6%. T. Sarkisyan thinks that the country’s Government has to
make much effort to improve the situation in the sphere. He said that
in the result of the research of the government’s mid-term expenditures
since 2003 done by the CB, necessity emerged to renew the indicators
annually. Thus, in 2003 it was anticipated that the share of taxes in
GDP of Armenia will make up 15,2%, in 2004-15,5%, in 2005- 15,8%. In
2004-2006 when mid-term expenditure programs were regulated, the CB
had to re-specify these indicators, in the result of which in 2004 the
share of taxes in GDP made up 15,4%, in 2005 -15,8% and in 2006-16,2%.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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