ArmInfo. The restrictions imposed in 2018 related to the legislative regulation of the ratio of public debt to GDP were not an end in themselves and the revision of these parameters is fraught with consequences. Former Minister of Finance of Armenia Vardan Aramyan expressed this opinion in an exclusive interview with ArmInfo.

ArmInfo. Armenia will halve the time it takes to return VAT to exporters. Acting Prime Minister  Nikol Pashinyan announced this on June 1 at an extraordinary meeting of the parliament.

ArmInfo.  Starting a new fiscal  year with old budget proportions means creating some uncertainty for  economic entities, which will negatively affect the future economic  growth of the country. In an interview with ArmInfo correspondent,  such opinion was expressed by ex- Minister of Finance of Armenia  Vardan Aramyan, commenting on the potential risks to the country's  economy if the state budget is not approved before the start of the  budget year.

ArmInfo.The main task of the Armenian government is to encourage high salary payments. On  October 24, the Acting Prime Minister of the Republic of Armenia Nikol Pashinyan said this from the rostrum of the National Assembly of Armenia.

ArmInfo. Former head of the Armenian Ministry of Finance Vardan Aramyan sees risks to ensure the final GDP indicator for 2018 at 6% or more, as expected by the  Ministry of Finance and the Central Bank of Armenia. "The forecasts  of world economic growth for 2018 and 2019 are constantly revised  downwards, which is one of the risk factors for achieving economic  growth in Armenia for the coming years," said Vardan Aramyan in an  interview with ArmInfo.

ArmInfo. "Armenia needs fundamental changes in tax policy. But each thesis should be  discussed with economic entities in order that, regardless of whether  this approach is to his liking or not, business knows what to expect  in the context of 3-5 years" , said the former Minister of Finance of  Armenia Vardan Aramyan during the discussion on the topic "Business  Environment and Economic Policy in New Armenia", organized by the  Public Association for Assistance to Reforms.

ArmInfo. Armenian Minister of Finance Atom Janjugazian received a delegation led by Martin Grothe, Senior Economist on Tax Policy of the International Monetary Fund (IMF). The parties discussed issues related to the improvement of tax administration and tax policy.

ArmInfo. The Ministry of Finance of Armenia initiated discussions on changes in the tax  legislation of the country. The head of the department Atom Janjughazyan stated at the National Assembly on June 13 during the presentation of the report on the implementation of the state budget in 2017.

ArmInfo. The current head of the Ministry of Finance of Armenia and his colleague who recently left this post believe that the beginning of 2019 is the most probable  time for the revision of income tax rates.

ArmInfo.Ex-Minister of Finance of Armenia Vardan Aramyan believes that if the current trends are preserved, the budgeted GDP growth rate of 4.5% is reachable for the  country.  Nevertheless, as Vardan Aramyan told journalists, at this  stage it is premature to talk about raising pensions and salaries.  "If there is no certainty about the expected income, it is very risky  to raise pensions," he said.

ArmInfo. Former head of the Ministry of Finance of Armenia Vardan Aramyan left to work in the private sector, becoming the executive director of a large mining holding Vallex Group.

ArmInfo. The former head of the Central Bank of Armenia Bagrat Asatryan considers it possible to reduce the rates of income tax by reducing the shadow. "Fighting corruption and transferring to the white field will also increase wages and pensions to citizens without increasing the debt burden on the country," Astaryan said on May 30, responding to a question from ArmInfo.

ArmInfo. On May 15, the Armenian Prime Minister presented to the apparatus of the Ministry of Finance of the newly appointed head of the department Atom Dzhanjughazyan, who prior to his appointment served as chief treasurer and first deputy minister.

ArmInfo. The trust of international financial markets to Armenian government bonds has increased over the past two years. This is stated in the message of the Ministry of Finance of Armenia regarding the results of the activity of the department in the sphere of public debt management of the republic.

ArmInfo. Overfulfilled budget plan for tax collection in 2017 and the dynamics of tax revenues in the current year will reduce the rates of income tax. Karen Brutyan, the first deputy chairman of the State Revenue Committee (SRC), announced this on April 27 with journalists, adding that it will become possible if the trend continues in 2018.

ArmInfo. The Armenian government  is discussing ways to reduce the income tax and increase wages and  pensions, said on April 26 during a briefing for journalists.  Minister of Finance of Armenia Vardan Aramyan.

ArmInfo. "We avoided clashes and sad events," he said in an interview with journalists. Minister of Finance of Armenia Vardan Aramyan. As Aramyan pointed out, for the effective management of the country's economy, internal stability is necessary.

ArmInfo. The Armenian government  will consider proposals to reduce income tax rates and effectively  expand the instruments of tax administration. The corresponding  assignment was voiced by the Acting President. Prime Minister of  Armenia Karen Karapetyan on April 12 at a government meeting.

ArmInfo. The French Development Agency (FDA) will grant Armenia a grant of up to 500 thousand euros for the preparation of the application of a single tax code. The grant agreement was signed the day before by the RA Minister of Finance Vardan Aramyan, the state secretary of the Ministry of Europe and Foreign Affairs of France Jean-Baptiste Lemoyne, as well as the representative of the FDA.

ArmInfo. The staff of the apparatus of the International Monetary Fund (IMF), headed by the head of the IMF mission to Armenia Hossein Samiye, visited Armenia on March 14-28 with the purpose of holding preliminary discussions on a new program of cooperation.  According to the information of the press-service of IMF  Armenian office, the  International Monetary Fund (IMF) staff team led by Mr. Hossein Samiei visited Yerevan during March 14-28 to conduct initial discussions on a possible new IMF arrangement with Armenia. At the conclusion of the visit, Mr. Samiei issued the following statement: