Finance Minister: state debt maintenance on same level impossibleJune 20, 2012 - 20:21 AMT PanARMENIAN.Net - Armenian Minister of Finance commented on Prosperous Armenia parliamentary group member, former foreign minister Vartan Oskanian’s allegations suggesting the government fulfilled its obligations due to sharp increase in the state debt. Vache Gabrielyan deemed it incorrect to accuse the government, calling attention to the Eurasian Development Bank’s report, which positively assessed only Armenia’s economic activity in CIS in 2011. “In 2009-2011 we pursued obvious incentive policy due to the state debt, given the impossibility to pursue such policy in other ways. It’s impossible to maintain the debt on the previous level and promote counter cyclical policy. In response to Mr. Oskanian’s remarks on absence of details in the government’s program, particularly the dates of launch of major investment programs, Minister Gabrielyan said “the document would become a multivolume work then, similar to USSR State Plan.” Top stories President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. Partner news | Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. Moscow warns Armenia against leaving Russian-led defense bloc Armenia could ruin its military ties with Russia if it continues drifting towards the West, according to a senior official in Moscow. Moscow says ready to support Yerevan-Baku reconciliation Moscow has confirmed its readiness to support the reconciliation of Yerevan and Baku. |