Ara Nranyan: Armenia's budget for 2010 does not resolve current issues

PanARMENIAN.Net - Armenia's budget for 2010 does not resolve current issues, ARF Dashnaktsutyun MP, economist Ara Nranyan stated.



As he noted in a conversation with PanARMENIAN.Net reporter, Armenian government chose the easiest way by resolving to retain budget expenditures on the same level. Major investments were attracted to that end, yet no structural changes were registered in Armenia's economy.



Ara Nranyan joined in Dashnaktsutyun's criticism of governmental policy.



''Supporting imports instead of local manufacturers, low economy diversification level, attempts to develop economy thorough construction sphere only are the reasons for the negative external trade balance in Armenia."



As the economist noted, Armenian Government is playing for time, waiting for other countries to overcome the crisis, which, in its turn, will positively affect Armenian economy. "Still, Armenia faces major structural problems, which, unless resolved, will prevent the economy from going back to the pre-crisis level."



2010 state budget was ratified at Armenia's National Assembly by the majority of voices, though voted against by ARF Dashnaktsutyun and Heritage parties.