1 million AMD for third and fourth child. 1.5 million AMD for 5th and every subsequent child. The minimum wage will be doubled and the state will guarantee urgent heart surgery
for every citizen. The medical treatment of children under 10 will be free of charge. The Cabinet makes such promises in its program made public today.
Combining the basic provisions of the Republican Party of Armenia (RPA) and the Rule of Law Party (RLP) programs, the Cabinet intends to create more than 100 thousand jobs, increase the Gross Domestic Product by 0.3%-0.4% every year at the expense of collecting state income and reduce poverty by 8%-10%.
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In order to eliminate the economic consequences of the Global Financial Crisis, the Cabinet has decided to pursue a diversified economic policy, but the program doesn’t mention how.
The Cabinet is ready to increase social benefits, pensions and wages “under limited conditions of the financial crisis.” In order to improve the economic condition of the country, to start free trade with the European Union.
The Cabinet has come to a conclusion that we have to switch from the economic growth agenda to the economic development agenda, since “ensuring high rates of economic growth is not sufficient for having a competitive economy.” According to the Cabinet officials, “economic growth cannot solve problems facing our country, if it doesn’t rely on new fields of economy, new types of activities, new companies, producing new goods and providing new services, which will be competitive in international markets.”
In order to reduce the difference between the revenues of the Armenian population and the populations of the developed countries, the Cabinet will start to develop the industry from today and use legislation on taxes, customs and competition protection toward all entrepreneurs equally.
In 2012-2017, one of the main directions of the Cabinet’s economic policy will be cooperation between the state and private sector, promoting the maturing of Armenian companies. In its program, the Cabinet promises not to intervene inappropriately and to lighten the businessman’s burden of manifold documentation.
Lusine BUDAGHYAN
