During the 8 years of his power, Nikol Pashinyan and the Communist Party imposed a debt of 2.5 thousand dollars on every citizen of Armenia. It is the amount that during that time has increased on the citizens in the form of state debt.

If before the CP members came to power, the state debt per citizen was even less than 2.2 thousand dollars, now it has reached up to 4.7 thousand dollars, an increase of 2.5 thousand.

It may seem to many that he has nothing to do with that debt, he did not take that debt and he will not pay for it. But it is not so. Those debts are directly related to the citizen’s pocket. These amounts will be paid from the citizen’s pocket and to the citizen’s account. They will cut off the citizen’s mouth to return the debts.

Today, the citizen already pays for these debts from his own pocket, although in many cases he does not know about it. Those debts are paid from the sums that the citizen pays to the state budget in the form of taxes and fees. These are the citizens’ money, which were supposed to return to the economy through various programs, serve the implementation of economic programs, contribute to the improvement of the social conditions of the citizens, but they go to close the loans taken by the government. Already this year, the citizen will have to pay more than 1.1 billion dollars out of his pocket in order to cover only the interest on the government’s debt.

This is the citizen’s money that comes out of the citizen’s pocket because the heart of the government wants a lot of money. But since he doesn’t have that money, he went and borrowed it from others, and today the citizen has to return it from his own pocket, not even knowing what the money was used for.

There have been debts in the past, all the authorities have taken debts to one extent or another, but these debts were moderate. That is why the citizen used to pay three times less to service the debts than he pays now. In recent years, the debt service burden on the citizen has tripled.

In 8 years, the debt of the “proud” citizen, declared by Nikol Pashinyan, has increased incomparably more than during the previous almost 28 years.

When they say that the country was kept and kept by debts, this is exactly what they mean. They accumulated a debt of 2.5 thousand dollars per citizen. With those debts, they made the expenses that they often try to present as a favor to the citizen. They made asphalt, built a water line, installed lighting, they did it at the expense of increasing the debts of the citizen’s pocket. We can already see how long it lasts.

Until recently, they were proud of asphalt, the snow came, and it drove away.

The fact that they eliminate the consequences of low-quality asphalt by making asphalt again and again, they do it with the money of the people’s pockets or by increasing the debts.

In eight years, they borrowed more than 8 billion dollars. The ones that are made are sometimes the asphalt that does not last for several months. If at least those funds were spent on developing production, increasing the capacities and capacities of the economy, nothing more. But the results of those billions are nowhere to be seen in the economy. And it is not difficult to be convinced of this by opening the structure of the economy.

They say that we provided technical support to the business within the framework of large sums of money. Businessmen have acquired new techniques and equipment, carried out technological re-equipment in order to expand production processes, increase capacities, and increase productivity. But it is not visible in any way in the economy. There is no qualitative change in the structure of the economy. The structure of the economy has not improved at all, something has worsened.

If once the leader in the GDP was the processing industry, agriculture, now it is the wholesale and retail trade. The weight of manufacturing industry and agriculture has decreased, instead of trade, it has increased. The weight of the construction, financial sector, gaming business has also increased, but not the production sector, which is the main pillar of the economy.

The real economy has retreated, sectors based on random factors have emerged. And this is where the questions arise, what did they do with those huge sums taken in the form of debts, that the real part of the economy, by and large, did not gain anything from it? At least they should have created new productions and expanded the existing ones, but they didn’t do that either. Who can remember how many new factories were opened in Armenia in the last 8 years, or how many new factories were built and put into operation, how many new products were released? Even if there were, you can count them on your fingers. But isn’t it about 8 years? And in those 8 years, they added more than 8 billion dollars in debt.

The money was spent without implementing development projects.

How will these debts be closed tomorrow, when the role of the real sector in the economy is decreasing and debts are increasing?

They think that just laying asphalt and building a road is enough for investments to come, economic projects to be implemented, and development to take place. In eight years, they did not understand that the economy will not develop just by making asphalt and creating half-baked infrastructure.

It is not surprising that, having been in power for so many years, they admit that they have remained in the same class and have not learned anything. That is why the debts increase, and the economy does not benefit from it. Maybe they win, the contents of their pockets increase, but what is the benefit to the citizen? The burden of debt on the citizen’s pocket is only increasing and the burden of debt service, which is already measured in billions.

HAKOB KOCHARYAN

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