ECONOMIST RECOMMENDS TO CUT REVENUES AND EXPENSES OF BUDGET

Panorama.am
18:32 04/03/2009

It is highly recommended to cut the revenues and the expenses of the
state budget by 20%, said the President of "PolitEconomy" organization
economist Andranik Tevanyan.

According to the economist first the small and average size business
should get privileges dismissing them from ATM and defining fixed
fees for them.

Regarding the crisis, Tevanyan said that the current situation in
Armenia depends on the world crisis by 10-20% only. He says that we
deal with the results of inaccurate policy.

"The roots of the crisis have been put in 2007, when the economic
strategy has been profoundly changed by the republicans," he said.