ArmInfo. "Today we can already fix that the first, most active stage of the economic revolution in Armenia has achieved success," said Prime Minister Nikol Pashinyan on May 7 during a live broadcast on Public Radio.
The head of the Armenian government expressed satisfaction with the economic activity indicators in the republic. At the same time, he stated that in order to stimulate economic growth in 2019, the Armenian government plans to make capital investments of more than $ 100 million.
These investments, as the prime minister pointed out, are designed to make the outlined economic growth more inclusive. "Our main task is to stimulate the economy with large-scale capital investments so that the citizens of Armenia should feel the results of the economic growth," Pashinyan said.
Today, as the Prime Minister noted, the Armenian government has already taken a number of steps aimed at achieving economic growth and increasing the welfare of the republic, which has led to an increase in the income level of many citizens. In particular, tax charges in the first quarter of this year above the program indicator by 11.4 billion drams allowed the government to revise its expectations in the line of tax revenues to the state treasury by 40 billion upward. "This will allow us to initiate the process of raising the money allowance for servicemen from July 1, 2019, and from September 1 of this year - the salaries of teachers," the premier said.
In Armenia, economic activity in I quarter of 2019 compared with I quarter of 2018 increased by 6.5%. A year earlier, in January-March 2018, by January-March 2017, economic activity increased by 10.6%. According to the final data of the RA Statistical Committee, the growth sector was the service sector - 17.3%, the construction sector - 10.8% and the trade sector - 10.1%, against which growth of the industrial sector looked too modest - 2%, and the agricultural sector and energy complex showed a decline of 0.2% and 14%, respectively.
In comparison with last year's pace, growth was accelerated in the service sector, growth slowed down in trade, construction, and the industrial sector, while the agricultural sector and the energy complex shifted from growth to recession.