ARFD CONSIDERS ARMENIAN GOVERNMENT INCAPABLE OF CONDUCTING EFFECTIVE ECONOMIC POLICY

/PanARMENIAN.Net/
19.11.2009 19:49 GMT+04:00

/PanARMENIAN.Net/ "Armenian government failed the anti-crisis policy:
18,3% economic downfall and high inflation are registered in Armenia
at present," ARF Dashnaktsutyun parliamentary faction MP Artsvik
Minasyan stated at 2010 state budget parliament hearing.

According to the MP, Armenian government is conducting ineffective
credit policy, which is the reason for lack of financial stability
in RA.

Commenting on 2010 budget project, the MP characterized the project as
reactionary as opposed to initiatory or anti-crisis one. "Which spells
inability of state budget to resolve our citizens’ social-economic
problems in 2010," Artsvik Minasyan emphasized.

The MP offered the ruling coalition to demand implementation of more
effective economic policy program from executive authority, adding
that ARFD will insist on this point until the government acknowledges
its inability to conduct effective economic policy.