ANTICRISIS MEASURES HAVE HAD POSITIVE IMPACT ON ARMENIAN ECONOMY, TIGRAN SARGSYAN SAYS

Noyan Tapan
Apr 1, 2010

YEREVAN, APRIL 1, NOYAN TAPAN. The anticrisis measures taken by
the Armenian government in 2009 have had a positive impact on the
Armenian economy, Prime Minister Tigran Sargsyan declared at the
April 1 sitting of the Armenian government.

According to him, this is a result of the expansionary fiscal and
monetary policy. The tax collection indices show that the quarterly
indices of economic growth will be high because the quarterly indices
with respect to both taxes and social payments were overfulfilled. T.

Sargsyan said that the programmed index of tax revenues was 117 billion
drams, while the actual index made 126 billion 733 million drams, which
means that the tax program was overfulfilled by 9.5 billion drams.

In his words, it was planned to collect 22 billion drams for social
allowances, whereas 26 billion drams was actually collected. Besides,
there was a 5.8% growth in salaries in the first quarter of 2010,
which also bears evidence of positive dynamics as salaries rose in
both the state and private sectors.

Speaking about export indices, the prime minister noted that exports
grew by 53% as compared to 16% growth of imports, which was due to
high rates of industrial growth. In particular, the growth made 45%
in mining industry, 9% in processing industry, 39% in diamond cutting,
25% in jewellery sector, and 16% in pharmaceutical industry.