ArmInfo.The Central Bank of Armenia has narrowed the forecast range for the growth of the net inflow of private transfers for 2019 - to 0-2%, against the  previously worsened forecast range from 5-7% to 1-3%.

ArmInfo. In 2020, the water tariff for consumers in Armenia will remain at the same level as in 2019. This was announced on December 25 at a meeting with reporters  by the Chairman of the Commission for Regulation of Public Services  (PSRC) Garegin Baghramyan.

ArmInfo.The Central Bank of Armenia has improved its forecast for GDP growth for 2019 to 7-7.3% (7.2% on average) from the previous 6.7-7.2% (6.9% on average). As  set out in the Central Bank's monetary policy program for the Q4 of  2019, published at the end of December, this is largely determined by  domestic demand, especially by a high level of private expenses.  Namely, it is noted that, given the growth of private consumption by  11.4% and the increase in gross fixed assets of the private sector by  1.2%, private spending will increase by 9.9%.

ArmInfo.

ArmInfo.. The policy of the Armenian authorities will lead not to an economic revolution, but to  an economic cemetery. Former Prime Minister of Armenia, economist Hrant Bagratyan, holds a similar view.

ArmInfo. "I would describe the outgoing 2019 as a year of economic disappointment,"  member of the ARF "Dashnaktsutyun", former Minister of Agriculture Artur  Khachatryan stated on December 23 at the discussion "Economy in 2019:  Results and Concerning Trends."

ArmInfo. At the meeting on December 5, the National Assembly of Armenia began discussions on the final version of the draft state budget for 2020.

ArmInfo.

ArmInfo.The current water tariff will not increase in 2020, and water users continue to pay 180 drams per cubic meter. Chairman of the Public Services Regulatory  Commission (PSRC) of Armenia Garegin Baghramyan stated this on  November 20 after discussing the application of a single operator of  the water supply and sanitation system - the "Veolia" french Group. 

ArmInfo.

ArmInfo. In 2020, Armenia will begin implementing a program of tax reforms that are aimed at improving the competitiveness of the economy by easing the tax  burden. This was announced on November 13 from the rostrum of the  National Assembly of the RA Minister of Finance Atom Janjughazyan,  who introduced the draft law "On the State Budget of the RA 2020".

ArmInfo. The Central Bank of Armenia does not exclude that by the end of the year the economic growth rate of the Republic of Armenia will reach 7.1%, and it sees  the industrial sector and the service sector in drivers. Head of the  Monetary Policy Department of the Central Bank of the Republic of  Armenia Vahagn Grigoryan stated this at a press conference on  November 5.

ArmInfo. Current water tariff will be saved in 2020, however, the issue of gas and electricity still remains open. This was stated by Chairman of the Public  Services Regulatory Commission (PSRC) of Armenia Garegin Baghramyan  on November 4 in an interview with reporters.

ArmInfo. The forecasts of the Armenian government on economic growth rates are close to the forecasts of the Central Bank of Armenia. On October 28, presenting  the conclusion of the Central Bank on the draft state budget for  2020, said CB Chairman Artur Javadyan.

ArmInfo.

ArmInfo.When developing the draft state budget of Armenia in 2020, many factors were taken into account, including external challenges that could affect the growth  of the country's economy. About this on October 28 at the hearings in  the parliamentary commissions on the draft Law on the State Budget of  the Republic of Armenia 2020, RA Minister of Finance Atom  Janjughazyan stated.

ArmInfo. In 2020, the state budget revenues of Armenia will amount to 1.602 trillion drams and  will surpass the indicators of 2018 by 27.4%. On October 28, Prime Minister of the Republic of Armenia Nikol Pashinyan stated this at a hearing in parliamentary commissions on the draft state budget of the country in 2020.

ArmInfo.

ArmInfo. Armenian tax  specialists are not able to annually ensure exceeded amount of tax  revenues to the state treasury through tax administration alone,  without corresponding economic growth. This was stated by the  Chairman of the State Revenue Committee (SRC) of Armenia David  Ananyan on October 16 at a press conference answering the question of  ArmInfo.  According to Ananyan, the financial authorities hope to  collect about 200 billion drams more taxes in 2020 than in 2019 due  to the mining sector, industry and trade. At the same time, the chief  tax official urges not to hope that, according to the results of the  first half of 2020, as in 2019, the country's authorities will be  able to announce overfulfillment of tax collections of up to 62-63  billion drams.

ArmInfo.The consistent development of the Armenian-Georgian relations should be free from any factor of external influence. Prime Minister of Armenia Nikol  Pashinyan following the results of negotiations with his Georgian  counterpart Georgy Gakharia announced this on October 15.