PanARMENIAN.Net

Budget sequestration does NOT threaten Armenia yet
09.03.2009 17:17 GMT+04:00

/PanARMENIAN.Net/ `We manage with the budget and its sequestration
does not threaten us yet,’ said Galoust Sahakyan, a Parliament deputy,
head of Armenia’s Republican Party faction. As he says, the processes
Armenia is undergoing are called a trade liberalization that will
eventually lead to the formation of securities market.

As mentions the head of the Republican faction which has a
parliamentary majority in the NA of RA, `Budget cuts are possible, but
I see nothing menacing in it as we can simply do with reducing certain
expenses.’ Sahakyan considers that `the budget must not be liable to
political speculations.’

Although this year as a result of a financial crisis many countries
will have a negative economic growth,Galoust Sahakyan says, Armenia
will not have a zero performance. Even if it has, it will not be so
menacing for the country. By the end of the year Armenia will have an
economic growth.As to the financial crisis, it will loosen by fall, he
added.