Former MP questions new cabinet’s ability to address pressing economic challenges

Former MP questions new cabinet’s ability to address pressing economic challenges

YEREVAN, May 5. /ARKA/. A former Armenian parliament member Vardan Bostanjyan has questioned today the ability of the new government to address the nation’s most pressing challenges saying its composition inspires no hope for positive economic changes.

"The power pyramid in Armenia is made up of the top only, making a real change in the government impossible. Therefore, the likelihood that it will be more efficient is very low,” said the former MP at a press conference on Monday.

On May 3 president Serzh Sargsyan completed the formation of the new government, started on April 13 when he picked parliament speaker Hovik Abrahamyan as a replacement for Tigran Sargsyan who had resigned on April 3 as head of the government.

At the same time Bostanjyan welcomed the government’s decision to merge the state revenue committee with the ministry of finance.

 "That decision is quite reasonable for a small country like Armenia, because  it is the ministry of finance that draws up the draft budget , and it seems logical that the same agency  should be responsible not only for spending , but also for collection of revenue,"  Bostanjyan said.

The state revenue committee was merged with the finance ministry last week. The head of the committee, Gagik Khachatryan, was appointed by the president as finance minister.

Bostanjyan welcomed also prime minister Abrahamyan’s promise to increase support for small and medium enterprises, but added that he did not see any real action so far aimed at creating a favorable climate for SMEs.

According to official data, last year the government released 150.8 million drams ($381,000) for support to small and medium-sized businesses. -0 -

16:48 05.05.2014

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