{"id":15898,"date":"2010-10-14T14:52:49","date_gmt":"2010-10-14T14:52:49","guid":{"rendered":"https:\/\/armbanks.am\/2010\/10\/14\/231642\/"},"modified":"2024-12-15T12:48:30","modified_gmt":"2024-12-15T12:48:30","slug":"armenian-government-should-intensify-its-participation-in-countrys-economy","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/10\/14\/15898\/","title":{"rendered":"Armenian government should intensify its participation in country\u2019s economy"},"content":{"rendered":"<p><strong>YEREVAN, October 14. \/ARKA\/<\/strong>. Armenian government should continue its participation in the country\u2019s economy, Ara Nranyan, member of the National Assembly\u2019s economic committee said Thursday in Novosti International Press Center.<\/p>\n<p>\u201cWe think that the governmental mediation took not so right road and was insufficient,\u201d he said. \u201cIt would be better to support areas, not particular companies.\u201d<\/p>\n<p>In 2009, the government provided guarantees totaling AMD 20 billion (about $54 million) to some Armenian construction companies.<\/p>\n<p>Another $44 million was given to three mining companies.<\/p>\n<p>The anti-crisis group set by the government looked through 300 business programs, of which 24 projects worth AMD 14.1 billion were implemented.<\/p>\n<p>Nranyan said that now many developed countries are trying to restrict the government\u2019s interference in economic policy, but Armenia should refrain from doing the same, since this could hobble economic development.<\/p>\n<p>The lawmaker said that developed countries faced not so deep economic decline, while Armenia\u2019s GDP reduced a great deal. That is why the country can\u2019t reach its pre-crisis indicator.<br \/>\nAccording to statistical reports, Armenia faced 14.4% economic decline in 2009, and enjoyed 3.1% growth in Jan-Aug 2010.<\/p>\n<p>In the 2010 government budget, GDP growth is projected at 1.2%.<\/p>\n<p>\u201cParticular steps should be taken to enlarge GDP. Unfortunately, our state does nothing for that, but takes every step to make taxes higher.\u201d<\/p>\n<p>Nranyan thinks that increased taxes and reduced spending can hobble GDP growth.-0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian government should continue its participation in the country\u2019s economy, Ara Nranyan, member of the National Assembly\u2019s economic committee said Thursday in Novosti International Press Center.<\/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":[15837,12172,15841,315],"class_list":{"0":"post-15898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-economy-en","10":"tag-government-2","11":"tag-315"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/15898","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=15898"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/15898\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=15898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=15898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=15898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}