Pashinyan: It is necessary to change the economic model of the state

ArmInfo. It is necessary to  change the economic model of the state, Prime Minister Nikol  Pashinyan annoucned on August 17 at a rally dedicated to 100 days of  work of the new government.  

According to him, the current corrupt  economic model of the economy should give way to an innovative  economy. At the same time, everyone in the market will have equal  rights. "Today there are already no monopolies in Armenia in import  of bananas and sugar, all citizens of the country engaged in  business, will receive assistance from the state," the Prime Minister  said.

He added that usually after the revolutions the states face economic  decline, however in Armenia, according to official data, growth has  been registered. In June alone, the country's GDP growth was 9.6%,  and since the beginning of the year - 8.9%, and there is every reason  to say that growth will continue until the end of the year.

As a result of the new policy a positive balance between those  arriving and departing was registered, which from May 10 to August 14  was 29,886 people. And this, according to Pashinyan, is evidence of  the first signs of overcoming the migration crisis. Over the past  three months, the number of foreign visitors has increased by 34,000  people, which is a vivid manifestation of state policy in the field  of tourism and investments. Many foreign compatriots began to acquire  real estate in the historical homeland, as a result of which the  prices for it increased by 20%. As for today, the Prime Minister  continued, the volume of raised funds exceeds the volume of the  exported capital by 11 billion drams.

In commercial banks of the country, 116 billion drams have been  accumulated in the form of deposits of individuals and legal  entities, which is also evidence of citizens' confidence in the  economic policies of the current authorities. Over the past three  months alone, the credit portfolio of commercial banks in the country  grew by 99 billion drams.

As a result of active work, it was possible to increase the revenue  part of the state budget by 28.8 billion drams, and to reduce the  amount of overpayment by 26 billion drams.

Pashinyan stressed that in the near future the number of ministries  and departments will be reduced, the work of the executive body will  become more efficient and transparent.