AZG Armenian Daily #128, 05/07/2008
Economy
ECONOMIC INDEXES ANTICIPATED FOR THE COMING THREE YEARS
The state expenses estimate affirmed by the Government on July 3 was
presented by the Minister of Finances Tigran Davtian in a press
conference the same day.
He informed that according to the program Armenian GDP will be 4
trillion 169 billion drams in 2009, 4 trillion 700 billion ` in 2010
and 5 trillion 273 billion – in 2011.
Inflation is anticipated to be 5 percent in 2009, 4 percent ` in 2010
and 3 percent ` in 2011.
State budget incomes will be 900 billion drams in 2009, 1 trillion 18
billion ` in 2010 and 1 trillion 154 billion ` in 2011.
The growth here is anticipated to be provided by economic growth and
improvements in taxation and customs spheres.
The expenses will reach 947 billion drams in 2009, in 2010 ` 1
trillion 79 billion drams and in 2011 ` 1 trillion 222 billion.
The ratio of taxes to GDP will annually increase by at least 0,4
percent to 16,3 percent in 2008, 16,7 percent ` in 2009, 17,1 percent
` in 2010 and 17,5 percent ` in 2011.
Tigran Davtian at the same time didn’t exclude changes in the
anticipated indexes – most of all in the inflation indexes. According
to him, the inflation risks should be controlled by means of low
deficit, provision of competition field and reduction in inflation
risks.
By Ara Martirosian, translated by L.H.