YEREVAN, January 18. /ARKA/. The Armenian government will do whatever necessary to curb inflation, Armenian Prime Minister Tigran Sargsyan said on Tuesday.
He told journalists that the country’s authorities would concentrate their efforts on implementation of agricultural reforms, since certain factors struck hard at the agriculture sector in 2010.
The challenges the country’s agriculture faced in 2010 had an adverse impact on macroeconomic indicators and triggered inflation, prompting widespread displeasure among ordinary people.
The prime minister stressed that if things in the agriculture sector are put right in 2011, inflation will subside.
Earlier, Arthur Javadyan, chairman of the Central Bank of Armenia, projected 9.5% inflation for 2010.
In the 2011 government budget, inflation in Armenia is projected at 4% (±1.5%).
According to official statistical reports, Armenia’s agriculture faced 14.5% year-on-year decline in Jan-Nov 2010.-0-
