YEREVAN, June 28. / ARKA /. Reported over the last five months of economic growth in Armenia in the amount of 8.8% is due to three factors – trends in the global economy, the government anti-crisis measures and the stabilization of exchange rates, says Prime Minister Tigran Sargsyan.
According to the government, in parallel with the global economic recovery, all the spheres of the economy of Armenia also recovered.
In particular, in the field of agriculture there has been registered an increase of 1%, in construction – about 12%, while compared to April to May, the volume of construction has doubled.
“A marked reduction in unemployment is present, along with a continuing trend of growth of wages in the private and public sectors,” said the prime minister on Saturday, at a meeting of the Board of Trustees of the National Competitiveness Fund.
Speaking about the second important factor of economic growth, the anti-crisis measures in the framework of the expansionary policy of the Government, the Prime Minister said that they were aimed at creating an enabling environment for small and medium-sized businesses.
He noted in particular the legislative changes that reduced tax reporting and expanded tax incentives, along with the introduction of institute of the fixed payment and simplified rules of accounting.
The Head of Government also attaches importance to the implementation on the credit funds work in the areas of road construction and water supply systems.
The third factor of growth, according to the head of government is stabilization of the exchange rate as a result of monetary policy by the Central Bank, which had a positive impact on prices.
“We are already entering a deflationary phase, in the next two months we will have deflation, and the annual cut of 5-6% (inflation-ARKA News Agency) will be a realistic figure,” said Sargsyan -0-
