HAYKAKAN ZHAMANAK: ARMENIA’S HIGH-RANKING OFFICIAL UNAWARE OF GRAVE SITUATION
Tert.am
27.07.11
Listening to Armenian high-ranking officials’ carefree speeches,
one concludes they are unaware of the grave economic situation in
the country.
Two official documents made public on Tuesday give an idea of the
economic situation in Armenia. Specifically, the documents deal with
budge performance and real estate prices, the newspaper reports.
According to the Jauary-March budget performance report presented by
the Armenian minister of finance, budget revenues proved about 4 bn
less (0.7%) than planned, and budget expenditures about 45 bn less
(11.5%).
The State Committee of Real Estate Cadastre reported that reported a
10% average decline in real estate prices this June against last June.
Both the documents are evidence of a worsening economic situation in
the country. Listening to Armenian high-ranking officials’ carefree
speeches, one concludes they are unaware of the grave economic
situation in the country.