New Armenian gov't vows to cut poverty
The new Armenian government has pledged to reduce the poverty rate
in the country to 11.2 per cent by 2012. A program of relevant
activities was passed at a government meeting on Monday.
The authorities are aiming to increase the Gross Domestic Product (GDP) by 8-10 percent in the next four years. Yerevan also plans to boost annual investment by at least 10 per cent and to ensure equal development of all regions of the South Caucasus republic. Increasing state revenues, curtailing unemployment and reducing acute poverty to 1.6 per cent is also planned.
Economics minister Nerses Yeritsian has said the program primarily aimed to protect domestic and foreign security and to ensure citizens' well-being.
But it remains under a question mark how the Armenian government will be able to achieve the outlined goals, as Armenia is currently facing an economic crisis. The country, which is in heavy debt, has sold its lucrative and strategic facilities to Russia. As a result of its policy of occupation pursued against Azerbaijan, Armenia has been left out of all large-scale regional projects.
Serzh Sarkisian, who won the disputed presidential election in February and embarked on his duties on April 9, completed formation of the new government last week.
The authorities are aiming to increase the Gross Domestic Product (GDP) by 8-10 percent in the next four years. Yerevan also plans to boost annual investment by at least 10 per cent and to ensure equal development of all regions of the South Caucasus republic. Increasing state revenues, curtailing unemployment and reducing acute poverty to 1.6 per cent is also planned.
Economics minister Nerses Yeritsian has said the program primarily aimed to protect domestic and foreign security and to ensure citizens' well-being.
But it remains under a question mark how the Armenian government will be able to achieve the outlined goals, as Armenia is currently facing an economic crisis. The country, which is in heavy debt, has sold its lucrative and strategic facilities to Russia. As a result of its policy of occupation pursued against Azerbaijan, Armenia has been left out of all large-scale regional projects.
Serzh Sarkisian, who won the disputed presidential election in February and embarked on his duties on April 9, completed formation of the new government last week.
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