Armenian economy registers sustainable growth rates

PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that the anti-crisis measures implemented by the Government in 2009 had a positive impact on the country’s economy.

“The official data certifies that the country’s GDP has exceeded the planned one by 2.5%, as a result of monetary-credit and tax-budgetary policy,” Mr. Sargsyan said during a government session, summarizing the results of the first quarter of 2010.

Besides, according to the PM, positive trends are recorded in tax collection and compulsory social payments. “The quarter program for tax proceeds has been exceeded by AMD 9.5 billion, the factual figure totaling AMD 126 billion against the planned AMD 117 billion,” he said. “As for the compulsory social payments, this figure has been exceeded by AMD 4 billion, specifically the factual figure reached AMD 26 billion against the planned AMD 22 billion.”

“Salaries increased by 5.8% at the quarter-end,” added the PM. Meanwhile, according to him, this positive dynamics was recorded both in budgetary and in non-budgetary organizations.

Export increased by 53%, while import reduced by 15%. The export boost was conditioned 45% growth in the mining industry, 9% increase in the processing industry, while the construction materials production increased twice. 39% growth was recorded in diamond cutting, 25% - in gold production and 16% - in medicines’ production.