PARLIAMENTARY ELECTION IN ARMENIA HAVE NO INFLUENCE ON TAXATION, BUDGETARY POLICY
30.05.2007,
23:28
The parliamentary election in Armenia had no influence on the taxation and budgetary policy, leading expert of the IMF Department for Middle East and Central Asia David Owen
YEREVAN, May 30. /ARKA/. The parliamentary election in Armenia had no influence on the taxation and budgetary policy, leading expert of the IMF Department for Middle East and Central Asia David Owen told journalists in Yerevan in presenting the regional economic review.
According to Owen, economic growth continues and exports increase in Armenia. "The economic development follows a normal course in Armenia," he said.
Owen pointed out that inflation will be maintained within the limits of 4% by the end of the year.
In his turn, Permanent Representative of IMF in Armenia Nienke Oomes said that IMF sees no precondition for rising inflation in Armenia by the end of the year.
Usually the government spending is increased before the elections, which makes a negative impact on fiscal deficit. "But we can record this did not happen in Armenia," she said.
Inflation made 5.2% at the end of 2006, with average annual inflation being 2.9%. Under the state budget, 4% (±1.5%) inflation is expected in Armenia by the end of the year.
According to Armenia's National Statistical Service, economic growth made 11.1% in Armenia in January-April 2007 as compared with the same period of 2006.
The parliamentary election was held in Armenia on May 12. As a result, five parties formed the new Armenian parliament - Republican Party of Armenia, Prospering Armenia, ARF Dashnaktsiutiun, as well as Orinats Erkir and Heritage opposition parties. N.V. -0—
According to Owen, economic growth continues and exports increase in Armenia. "The economic development follows a normal course in Armenia," he said.
Owen pointed out that inflation will be maintained within the limits of 4% by the end of the year.
In his turn, Permanent Representative of IMF in Armenia Nienke Oomes said that IMF sees no precondition for rising inflation in Armenia by the end of the year.
Usually the government spending is increased before the elections, which makes a negative impact on fiscal deficit. "But we can record this did not happen in Armenia," she said.
Inflation made 5.2% at the end of 2006, with average annual inflation being 2.9%. Under the state budget, 4% (±1.5%) inflation is expected in Armenia by the end of the year.
According to Armenia's National Statistical Service, economic growth made 11.1% in Armenia in January-April 2007 as compared with the same period of 2006.
The parliamentary election was held in Armenia on May 12. As a result, five parties formed the new Armenian parliament - Republican Party of Armenia, Prospering Armenia, ARF Dashnaktsiutiun, as well as Orinats Erkir and Heritage opposition parties. N.V. -0—
