Pashinyan says the government needs to bring back its economic ambitions

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YEREVAN, January 15. /ARKA/. A meeting chaired today by Armenian Prime Minister Nikol Pashinyan discussed a range of macroeconomic issues for 2022, the government press office reported.

“We must state that 2021 will be the year of bringing back our economic ambitions. We must formulate measures that will allow us to overcome difficulties and bring back those economic ambitions that we had as a result of the well-known events of 2020,” he said.

According to the prime minister, there are many economic challenges, but there are also many opportunities.

“Of course, first of all, we must focus on solving humanitarian problems, and on the other hand, we must state that the trilateral statement signed in Moscow on January 11 and its possible implementation can create completely new economic opportunities for Armenia, ‘ Pashinyan said.

According to him, Armenia intends to take full advantage of these opportunities not only to bring back its economic ambitions, but also to set higher standards.

Finance Minister Atom Janjughazyan presented the general forecasts on the macroeconomic framework and economic developments expected in 2022. He noted that in connection with the consequences of the coronavirus pandemic and the hostilities in Artsakh, it is advisable to start discussing the budget process earlier.

During the meeting, a number of issues related to the draft state budget for 2022, the development of medium-term expenditure programs for 2022-24, economic policy, economic growth forecasts, fiscal frameworks, current and capital expenditures were discussed.

The prime minister noted that the quality of programs implemented in 2021 will have an impact on the macroeconomic framework of 2022, and one needs to be consistent in ensuring high efficiency of program implementation.

On January 11, the presidents of Russia and Azerbaijan Vladimir Putin and Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan signed a statement that calls for reopening of all transport communications in the South Caucasus region.

The parties also agreed on creating a trilateral working group under the joint chairmanship of deputy prime ministers of Azerbaijan, Armenia and Russia to deal with that issue.

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