Armenian Central Bank representatives commented on the pre-election pledges on doubling the budget, the pensions and the salaries

07.05.2007 | 16:55 Home / News / News /

Yerevan, May 7 /Mediamax/. The doubling of the state budget of Armenia will result in an increase of the tax burden for the managing subjects, the Advisor of the Chairman of the Armenian Central Bank (CB) Nerses Yeritsian stated in Yerevan today.

Mediamax reports that Nerses Yeritsian said this, speaking during a round-table today, during which the pre-election pledges of a number of political parties on the doubling of state budget, the pensions and the minimal salary were being discussed.

According to the Advisor of the CB Chairman, today, the tax takings make 14% from the GDP of Armenia, and even in the most developed countries it is impossible to double the given index in the course of one year. Nerses Yeritsian stated even having the very ambitious tax administration, which is implemented in Armenia, the soonest result can be achieved in the course of 2,5 years.

Each year, planning the budget, the government also takes into account the possible shadow formations, which in the course of the recent years halved, and in 2006 they made 30%, the Advisor of the CB Chairman stated.

The member of the CB Board Vache Gabrielian stated that the abrupt increase of the minimal salary or the pensions will result in the growth of inflation. According to him, having increased the pension benefits up to 30 thousand AMD, the government will create more problems and risks for itself, and the benefit of the pensioners will be insignificant, as the growth of inflation will result in a leap of the prices.

Commenting on the proposals in making the minimal salary up to 50 thousand AMD, Vache Gabrielian stated that the decision will only influence the state employees, and many private employers will have to cut down their business, or escape from paying the taxes.

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