ARA NRANYAN: IN 2010 THE SITUATION TO WORSEN FOR ARMENIAN CITIZENS

/PanARMENIAN.Net/
20.11.2009 19:45 GMT+04:00

/PanARMENIAN.Net/ "Armenia’s state budget for 2010 is not encouraging.

In 2010 the situation will worsen for Armenian citizens, since private
transfers from abroad reduced, price growth is observed, while the
RA government does not envisage any increase in wages," Ara Nranyan
deputy of the ARF Dashnaktsutyun faction said on November 20, during
a briefing at the National Assembly of Armenia.

According Ara Nranyan, if the Central Bank of Armenia is not able
to keep the dollar rate lower 420 AMD margin, then the foreign debt
will rise to 50 per cent of GDP and our country will be unable to
service it.

According to Ara Nranyan, Armenian government used very inefficiently
the credits and "Armenia may find itself among bankrupt countries."

However, MP also said that ARF has not yet determined, to vote for
or against this budget.