ARF Know-How: Less Revenue Spells Less Expenditure

ARF KNOW-HOW: LESS REVENUE SPELLS LESS EXPENDITURE

PanARMENIAN.Net
03.03.2009 16:54 GMT+04:00

/PanARMENIAN.Net/ "Tax reduction for economical entities will help
increase state budget expenditure," ARF -Dashnaktsutyun representative,
the MP Ara Nranyan told a press conference today.

"The party submitted budget revision propositions to Armenian
government. We don’t have to reduce the expenditure, but rather,
lower revenues by reducing tax rates for economical entities."

According to him, the low deficit rate in Armenian budget, and
the financial assistance Armenia will receive from its partners to
overcome the financial crisis could be conductive to expenditure
reduction. "If we renounce the expenditures, the financial crisis
will have a most negative impact on Armenia. This is accounted for
by Armenian government investing in capital construction and social
program financing."

Yet, the researches of the Chamber of Control of Armenia on
effectiveness of budget expenditure program implementation has
serious flaws.

The Chamber of Control accession found a response in the Armenian
Government. Specifically, the prime Minister Tigran Sargsyan did
not preclude the possibility of expenditure reduction where it was
implemented ineffectively.