“Heritage” has “found” 2.9 billion dollars
"Heritage" Party has presented a 20-page proposal on how to double and spend the country's budget.
"Heritage" proposes not to move the GDP from 16.8% to 17.36% by taxing oligarchs involved in shady economy and big businesses in 2012, just like the government is proposing in the 2012 draft budget, but to 23%. This will allow the entry of nearly 245 billion drams.
"Heritage" proposes the application of a lump luxury tax for resident or non-resident physical persons for real estate, land and cars exceeding 700 million drams (nearly 1.8 million dollars).
In addition to these proposals, "Heritage" faction's MPs have presented several proposals to make financial allocations to municipal and rural communities for different purposes.
"Heritage" believes that if the proposals are accepted, the income part of the 2012 state budget will increase by 1,120,000,000 drams or 2.9 billion dollars and expenditures will increase by 340 billion drams or 890 million dollars.
The difference of 780 billion drams will cover the government's 132.5 billion dram deficit.
It is suggested to gear 647 billion drams (more than 1.7 billion dollars) to the state monetary reserve fund in order to confront the potential second stage of the global financial-economic crisis or the unforeseen foreign challenges.
Knowing that these proposals can't be perfect, "Heritage" is ready to discuss them with all interested parties.
