YEREVAN, October 6. \/ARKA\/. Armenia is gradually going back to stable economic development, Armenian Finance Minister Tigran Davtyan said Wednesday at a news conference.<\/p>\n
He said that the government pursued a well-thought-out and justified expansionary policy in 2009 and is gradually stepping back from it either in economic or in budget planning.<\/p>\n
The government refrains from a sharp back-off since finds this risky.<\/p>\n
\u201cWe are reducing our expansionary policy and embarking on a curbing policy to narrow the budget deficit and lessen inflation risks, but we are doing this smoothly, without shocks,\u201d the minister said.<\/p>\n
Davtyan also said that the government has no intention to attract additional financial resources in the coming years.<\/p>\n
He said that only those credit programs, on which agreements were reached earlier, would be implemented.<\/p>\n
The finance minister pointed out the World Bank, International Monetary Fund and Asian Development Bank\u2019s projects among them.<\/p>\n
On September 30, the Armenian government approved the draft budget for 2011.<\/p>\n
According to it, the budget spending will come close to AMD 1 trillion, revenue is planned to total AMD 849.9 billion and deficit will amount to AMD 148.6 billion.<\/p>\n
GDP growth is projected at 4.6%.\u3000($1 = AMD 360.76).\u00a0 –0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenia is gradually going back to stable economic development, Armenian Finance Minister Tigran Davtyan said Wednesday at a news conference.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12178,12408,12713,12757,12688],"class_list":{"0":"post-15612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-economic","10":"tag-finance-minister","11":"tag-state-debt","12":"tag-usa","13":"tag-armenia-analyst-inflation"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/15612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=15612"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/15612\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=15612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=15612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=15612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}