Pashinyan: we will succeed in building a reliable judicial system
27.05.2019,
09:11
Armenian Prime Minister Nikol Pashinyan met last Friday with Armenia-accredited ambassadors of foreign states and organizations.
YEREVAN, May 27, /ARKA/. Armenian Prime Minister Nikol Pashinyan met last Friday with Armenia-accredited ambassadors of foreign states and organizations.
Presenting his assessment of the government’s year-long efforts, Nikol Pashinyan first referred to economic challenges, dwelling on the solutions and the results recorded so far.
“The first problem we had in terms of economics was to maintain macroeconomic stability. Not without some difficulty, we were able to solve this problem because in September last year, just three months after the revolution, we approached the threshold of recession and the economic situation could be strained. But we managed to overcome these negative trends, and we had a 7.1% gross domestic product growth in the first quarter of this year,” he said.
‘I must say that although this growth is pleasing to us, we understand that the statistics is a little bit lower for the proposed economic revolution. At least we should try to increase the rate of growth by 2-3%. As an exciting trend in the economy, I would highlight the reduction of the black economy. In fact, 51,000 new jobs appeared in Armenia over the past one year. These are the jobs that employers themselves declared to tax authorities, that is, they are not the result of an analysis, as often our political rivals try to present themselves, but specific figures stated by business entities that have led to fiscal liabilities.
Our estimation is that 1/5 of these 51,000 jobs were generated during the past year. This makes some 10,000 jobs, which I think is not a bad indicator.
The next index that I would like to mention is the over-fulfillment of the State budget revenue target. We have already declared that this year the State budget receipts will boast a bump of 62 billion drams, which makes USD 130 million. And here, too, as I first stated it, our opponents reacted that not until by the end of year we could see whether this was true or not.
But I would like to say that we actually made a little cunning: we already have that amount as a matter of fact. And there is no doubt that the State budget surplus will be much bigger by the end of this year.
Trade is the next indicator that I would like to mention. 84 million more cash-register receipts have been recorded in our country since last May, which means that more transactions have been made out of shade, which accounts for the bulk of our extra budgetary revenues.
Foreign investment is the biggest challenge we are facing today in the economy. We do our best to make our country more attractive for foreign investment. But there is also conviction and understanding that without a truly independent judiciary we will not be able to address this problem because any investor wants to safeguard his or her investment, and such guarantees can only be provided by a truly independent judicial system,” the Head of Government said.
In conclusion, the Prime Minister answered the questions asked by the ambassadors in attendance, which bore on the proposed judicial reform, transitional justice, the structural changes within the system of governance, the ongoing public administration reform, etc.’ -0-
Presenting his assessment of the government’s year-long efforts, Nikol Pashinyan first referred to economic challenges, dwelling on the solutions and the results recorded so far.
“The first problem we had in terms of economics was to maintain macroeconomic stability. Not without some difficulty, we were able to solve this problem because in September last year, just three months after the revolution, we approached the threshold of recession and the economic situation could be strained. But we managed to overcome these negative trends, and we had a 7.1% gross domestic product growth in the first quarter of this year,” he said.
‘I must say that although this growth is pleasing to us, we understand that the statistics is a little bit lower for the proposed economic revolution. At least we should try to increase the rate of growth by 2-3%. As an exciting trend in the economy, I would highlight the reduction of the black economy. In fact, 51,000 new jobs appeared in Armenia over the past one year. These are the jobs that employers themselves declared to tax authorities, that is, they are not the result of an analysis, as often our political rivals try to present themselves, but specific figures stated by business entities that have led to fiscal liabilities.
Our estimation is that 1/5 of these 51,000 jobs were generated during the past year. This makes some 10,000 jobs, which I think is not a bad indicator.
The next index that I would like to mention is the over-fulfillment of the State budget revenue target. We have already declared that this year the State budget receipts will boast a bump of 62 billion drams, which makes USD 130 million. And here, too, as I first stated it, our opponents reacted that not until by the end of year we could see whether this was true or not.
But I would like to say that we actually made a little cunning: we already have that amount as a matter of fact. And there is no doubt that the State budget surplus will be much bigger by the end of this year.
Trade is the next indicator that I would like to mention. 84 million more cash-register receipts have been recorded in our country since last May, which means that more transactions have been made out of shade, which accounts for the bulk of our extra budgetary revenues.
Foreign investment is the biggest challenge we are facing today in the economy. We do our best to make our country more attractive for foreign investment. But there is also conviction and understanding that without a truly independent judiciary we will not be able to address this problem because any investor wants to safeguard his or her investment, and such guarantees can only be provided by a truly independent judicial system,” the Head of Government said.
In conclusion, the Prime Minister answered the questions asked by the ambassadors in attendance, which bore on the proposed judicial reform, transitional justice, the structural changes within the system of governance, the ongoing public administration reform, etc.’ -0-
