ARFD considers Armenian government incapable of conducting effective economic policy

PanARMENIAN.Net - "Armenian government failed the anti-crisis policy: 18,3% economic downfall and high inflation are registered in Armenia at present," ARF Dashnaktsutyun parliamentary faction MP Artsvik Minasyan stated at 2010 state budget parliament hearing.





According to the MP, Armenian government is conducting ineffective credit policy, which is the reason for lack of financial stability in RA.





Commenting on 2010 budget project, the MP characterized the project as reactionary as opposed to initiatory or anti-crisis one. "Which spells inability of state budget to resolve our citizens' social-economic problems in 2010," Artsvik Minasyan emphasized.





The MP offered the ruling coalition to demand implementation of more effective economic policy program from executive authority, adding that ARFD will insist on this point until the government acknowledges its inability to conduct effective economic policy.