Artsvik Minasyan estimated Armenia's anti-crisis program as unsatisfactory

PanARMENIAN.Net - Armenian authorities must revise their anti-crisis program since inadequate policy in the sphere of eliminating crisis impact will not lead to progress.



Armenian authorities must revise their anti-crisis program since inadequate policy in the sphere of eliminating crisis impact will not lead to progress, ARFD parliamentarian Artsvik Minasyan told today a news conference in Yerevan. Although, Premier Tigran Sargsyan denied possibility of country's facing crisis, it became so obvious in the course of time that it was already pointless to conceal it, MP said.



«Demand and purchasing capacity have dropped,» Minasyan said, stressing the importance of increasing salaries and social allowances to ensure high demand.



"If we take the 5-point scale, my assessment on anti-crisis program is on the level of 2," Armenian MP noted, stressing that authorities do not properly distribute resources in the sphere of assisting rural economy. In that regard, he brought the example of Baghramyan village (Armavir province) which has excessive soil needing more water in comparison with other areas. But because by government decision water in villages should be distributed in equal quantities, the village is facing problems. "As a result of such misdistribution, people have found themselves on the brink of downfall," Minasyan said.



Armenian MP anticipates 20 vs. 50% of economic decline, considering that Russian economy is in for the second wave of crisis. And since Armenian economy is greatly dependent on Russia, such decline will also negatively affect Yerevan, he noted.