BENEFIT INSTEAD OF DEBT
Support A1+!In the opinion of economist Eduard Aghadjanov, the program of returning the deposits is not an economic but a populist step and the decision has all the chances to remain on paper.
The budget for 2006 provides for a sum of $140 million to be allocated for the reimbursement of the deposits. “I was always surprised how inattentiveness of our authorities towards this issue”, he says. In his opinion the government will not be able to return the deposits with the means of donor organizations. The economist also noted that in 14 states the deposits have been already returned.
The soon return of deposits seems unreal Eduard Aghadjanov, however he is not pessimistic. The authorities have undertaken a serious step forward.
According to his calculations shadow economy in Armenia makes 50%. He thinks that the authorities decided to arouse the issue on the threshold of the constitutional referendum.
Lena Badeyan
