Wednesday, May 10 2017 12:41
Naira Badalian

Karen Karapetyan is satisfied with work of his team, but does not exclude changes in Government

ArmInfo. The head of the Armenian  Government Karen Karapetyan is satisfied with the work of his team  and believes that they are on the right track. "Many express  dissatisfaction with the fact that we set ourselves more tasks than  we can manage. But the pace of growth, perhaps, we will always be  dissatisfied. At the same time, if you are satisfied with everything,  it means that something goes wrong," Karen Karapetyan told  journalists in the Victory Park on the eve. 

According to him, during 8 month of his being Prime Minister a  significant work is done. During this time, as he stressed, the  Government was periodically reporting on the work done, showing the  economic growth.  Nevertheless, the population of the country will  feel the economic growth after the GDP growth reaches the critical  level.    

At the same time, according to him, some "minor" changes in the stuff  of the forming government will take place. "There will be no radical  changes as in 2018 a new government is to be formed", the Premier  said.  Besides, in 2018 constitutional restrictions are to be  implemented in the government. "Certain structural changes are  connected with certain financial spending. So there will be no major  changes", he noted.

On May 18, the first meeting of the Parliament of the sixth  convocation will take place and the government will resign. Then the  Prime Minister will be appointed within 10 days, and then a new  government structure will be formed within 20 days.

To note, the economic activity in Armenia in January-March 2017,  compared the same period of 2016 grew by 6.6%. According to National  Statistical Service of Armenia, in the structure of economic  activity, the decline continues in the contraction sector - 13.6%,  the agricultural sector - by 1.5%. In other sectors a growth is  registered, industrial sector (16.2%) and trade (11.3%), and slightly  more modest in services (10%) and energy complex (9.3%).

Meanwhile, in the state budget of Armenia for 2017, GDP growth is set  at 3.2%. According to the updated forecast of the Central Bank of  Armenia, the GDP growth of Armenia in 2017 will be 3.2-4.4%.  According to the World Bank's forecast, Armenia's GDP growth in 2017  will be 2.7%, according to the IMF forecast - 2.9%, according to  Fitch forecast - 2.1%, EDB - 2.9% and Asian Development Bank - 2.2%. 

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