Home > Latest News > Opposition MP calls for re-distribution of budgetary funds

Opposition MP calls for re-distribution of budgetary funds

November 13, 2012 Leave a comment Go to comments

Hrant Bagratyan, an MP of the opposition bloc Armenian National Congress (ANC), keeps on stressing the need for re-distribution of funds because “the rich are very rich, while the poor are very poor in the country.”“We are one country, and we are to remain one country we must allow re-distribution of budgetary funds,” he said at parliamentary debate on the 2013 draft budget on Tuesday.To substantiate his arguments for the parliamentary majority, Republican Party of Armenia (RPA), he cited a number of figures: “You have said you would give more in 2017. But you will not give anything. During your 5-year activities, the country’s budget has grown smaller,” Bagratyan said.“Official transfers constitute the budget revenues. In 2008, they totaled AMD 759bn, in 2009 AMD 683bn, in 2010 AMD 756bn, in 2011 AMD 848bn and in they are expected to total AMD 912bn. If we divide, we get 20.4%, whereas a 27% price rise has been registered in five years,” he said.“So le t us re-distribute the funds because they are urgent,” Bagratyan said. 

Armenian News

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