Ministry of Finance: Armenia to return to natural growth policy in 2010

YEREVAN, January 25. / ARKA /. Armenia in 2010 will return from the anti-crisis policy to a policy of natural growth, Minister of Finance Tigran Davtyan said at a press briefing on Saturday.

"Armenian Ministry of Finance in 2010 has identified three major programs, the first of which is the return from anti-crisis measures to the policy of stable economic development," he said. 

Head of the Ministry of Finance recalled that in 2009 because of the negative impact of global financial and economic crisis, the Government was forced to move to the implementation of anti-crisis policy. 

According to Davtyan, the rapid transition to the anti-crisis policies promptly implement the redistribution of public spending and suspend the implementation costs, which had no significance for the republic. 

The second program to be implemented in 2010, as the minister said, is to continue building the country's budget on a program basis, and the third pillar was the reform of the procurement system. 
Speaking about the situation in 2009, the head of the Finance Ministry said that last year was difficult for the economy because of the adverse impact of global crisis, and difficult for the finance department, which bore direct responsibility for the macroeconomic situation in the country. 

Despite the difficulties, according to the Minister, the Finance Ministry was able to meet all its objectives: to ensure macroeconomic stability, without which the implementation of economic programs and crisis action becomes impossible. 

According to Davtyan we were also able to maintain stability of the financial, economic and banking system of Armenia, to ensure the normal progress of the budget process, which resulted in making of the expenditure budget, filled with all the social obligations that have been scheduled yet in the pre-crisis period. 

The minister said that despite the difficult situation, the Finance Ministry managed to carry out a number of reforms, in particular, to strengthen the system of internal audit in 2009. .- 0 --