TIGRAN SARGSYAN: THE CRISIS PREVENTION MEASURES HAVE GIVEN POSITIVE RESULTS
Hasmik Dilanyan
"Radiolur"
01.04.2010 17:57
The crisis prevention program of the government gave its positive
results, Prime Minister Tigran Sargsyan said during the Government
sitting today.
Tigran Sargsyan stated that due to the extensive tax-budgetary and
monetary-credit policy, in the first quarter of2 010, GDP index 2.5
times exceeded the index, planned by the government for the given
period.
According to him, following the results of the first quarter, tax
proceeds to the state budget made 126bln AMD instead of the planned
117bln AMD, and the social payments reached 26bln AMD instead of the
planned 22bln AMD.
The Prime Minister informed that in the accounting period, the salary
in the country increased by 5.8%. Tigran Sargsian stated that in the
first quarter, the increase in exports and imports made about 53%
and 16% respectively.
"We managed to increase export volume due to growth in industry.
Mining raw materials industry increased 45%, the processing industry –
9%, the production of construction materials doubled. Diamond and gold
industry demonstrated high speeds of growth, and all these sectors
were the ones to improve the situation in export", Prime Minister of
Armenia stated.
Tigran Sargsian started that inflation is still the most problematic
issue. "We have entered a stage of quite high inflation speeds and
this is conditioned by the extensive tax-budgetary policy, which,
on one hand stimulates economic growth, on the other hand creates
inflationary pressures," the Prime Minister noted. He said, however,
that the government and the Central Bank of Armenia possess certain
tools to deter inflationary pressures.