HRANT BAGRATYAN: WE ARE IN THE SECOND STAGE OF THE GLOBAL CRISIS
Hasmik Dilanyan

"Radiolur"
26.05.2009 15:15

Ex-Prime Minister of Armenia Hrant Bagratyan predicts a 6.5-7% fall
in the Armenian economy. According to the economist, the situation
is completely different in the Russian Federation. In this country
the economic success depends on oil prices in the world market.

Hrant Bagratyan says that we are in the second stage of the global
crisis and suggests his own economic policy. He considers that it is
necessary to apply a progressive income policy.

Why don’t the current authorities apply the progressive income policy?

Chairman of the National Assembly’s Standing Committee on
Finance-Credit and Budgeting Gagik Minasyan told "Radiolur" that the
progressive income policy is useful, but it requires rather complex
administration.

"I’m not sure we are ready to apply that administration today,"
he said.

Speaking about the state guarantees to enterprises within the framework
of the anti-crisis program, Hrant Bagratyan said: "If the state gives
or takes loans, why doesn’t the parliament approve it?" According to
Gagik Minasyan, the Armenian legislation does not provide for it.