ARMENIA’S BUDGET SHOWS SIGNS OF SURMOUNTING CRISIS: MINASYAN
Tert.am
30.04.10
Gagik Minasyan, an Mp from the Republican Party of Armenia and Head
of Standing Committee on Financial-Credit and Budgetary Affairs of
the National Assembly of Armenia, presented the budgetary executive
results for first quarter of 2010 at a press conference today.
According to Minasyan the industry sector has seen a 10% growth,
while the services sector and agriculture have seen 6% and 3% growth
respectively.
There has been no downfall in the construction sector, while this
quarter’s indicators are equal to those in the same period in 2009.
Minasyan considered those indicators as a "positive trend" and shared
the view that the 2010 budget has some elements to surmount the crisis.
At the same time he mentioned that the crisis is over in Armenia
and that soon it will be possible to speak about the possibility to
register such indicators as Armenia had before the economic crisis.
Pointing to inflation as a negative indicator Minasyan expressed
hope that the Armenian authorities will do their best so that the
inflation will be around 4% (±1.5%) at the end of the year.