Ara Nranyan: In 2010 the situation to worsen for Armenian citizens

Ara Nranyan: In 2010 the situation to worsen for Armenian citizens
November 20, 2009 - 19:45 AMT
PanARMENIAN.Net - "Armenia's state budget for 2010 is not encouraging. In 2010 the situation will worsen for Armenian citizens, since private transfers from abroad reduced, price growth is observed, while the RA government does not envisage any increase in wages," Ara Nranyan deputy of the ARF Dashnaktsutyun faction said on November 20, during a briefing at the National Assembly of Armenia. 



According Ara Nranyan, if the Central Bank of Armenia is not able to keep the dollar rate lower 420 AMD margin, then the foreign debt will rise to 50 per cent of GDP and our country will be unable to service it. 



According to Ara Nranyan, Armenian government used very inefficiently the credits and "Armenia may find itself among bankrupt countries." 



However, MP also said that ARF has not yet determined, to vote for or against this budget. 
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