On March 11 RA NA Speaker Mr Hovik Abrahamyan and RA Prime Minister Mr Tigran Sargsyan in the National met with the coalition factions Prosperous Armenia, ARF and Country of Law factions. We’ll note that the Prime Minister met with the RPA faction members on March 9 at the central office of the party.
RA NA Speaker Mr Hovik Abrahamyan noted that the goal of the meeting was to discuss the mechanisms envisaged by the Government for overcoming the created situation under the conditions of financial and economic crisis,
RA Prime Minister Mr Tigran Sargsyan noted that on November 12, 2008 the Government submitted the anti-crisis programme to the parliament, after which the executive body approved the timetable stemming from the programme. It was stressed that the Government had distinct assessments over the created situation: the private direct investments have been reduced, temporary freezing has taken place in the sphere of mining industry, some investment programmes have been delayed, private transfers have been reduced. In the Prime Minister’s words, as a result, reduction of the consumption volumes, deterioration of the payment balance and formation of the creditors’ negative expectations appear.
Presenting the priority steps of the Government for overcoming the financial-economic influence and their consequences in Armenia the Prime Minister noted that the executive body would focus its attention providing the regular activity of the substructures, protection of small and medium
entrepreneurship and social expenditures. An operative headquarters was set up, which discusses concrete problems and solves them. The redistribution of the expenditures will be done according to quarters; in fact, in the first and second quarters they will work with strict saving regime, giving preference to social expenditures, salaries, pensions, payment of the allowances. The Prime Minister answered many questions concerning the MPs. The representatives of the coalition factions submitted their proposals to the Prime
Minister on overcoming the crisis with joint efforts. Mr Tigran Sargsyan also touched upon the necessity of fluent passing to floating exchange rate.
The Prime Minister answered many questions concerning the MPs. The representatives of the coalition factions submitted their proposals to the Prime Minister on overcoming the crisis with joint efforts.