YEREVAN, November 2. /ARKA/. Armenia’s 2013 state budget draft is incapable to reduce shadow economy, a deputy fr om Armenian National Congress faction, ex-prime minister of Armenia Hrant Bagratyan told journalists on Friday.
He noted that the shadow economy in Armenia hits 51%, and there are no points in the budget to reduce it. The deputy also added that budget revenues per capita is $900 in Armenia, whereas in Georgia, wh ere the shadow economy is 61%, this indicator is $1500.
Moreover, according to Bagratyan, the pressure on small and medium-sized business had also risen, thus fostering “shadow” to grow.
As to socially oriented direction, Bagratyan said that actually there is no “non-social” budget, as the budget serves to meet public demands, thereby, it is social by its nature.
The parliamentarians imply Armenia’s 2013 budget has absolutely wrong logics and ideology.
Bagratyan said he would have finally evaluated the budget draft by late November, after the detailed review.
The revenues of the consolidated budget are supposed to account 1 trillion 59 billion, the expenditures- 1 trillion 183 billion drams, and the deficit- 124 billion drams or 2.6% of the GDP. The rate of a twelve-month inflation is projected at 4±1,5%. Community budget income will stand at 97.5 billion drams, expenditures- 101.7 billion drams, and deficit- 4.2 billion drams. ($1 – 405.96). —0--