Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Thursday, March 28, 2024

Armenian cabinet approves new policy program

The Armenian cabinet approved the government's new policy program on Monday at an extraordinary session chaired by Prime Minister Hovik Abrahamyan.

"The government states that its primary target is the citizen and the guarantees to ensure their freedom, safety and well-being," Deputy Prime Minister, Minister of Territorial Administration Armen Gevorgyan said. "The government shall facilitate the citizens' creative work in their homeland for their own future's sake. Homeland is to be a safe haven for any Armenian to fully realize the skills, knowledge and experience gained in different parts of the world. This may be achieved through an environment conducive to equal opportunities and fair competition. The Government shall ensure that the rules of the game are the same for everyone, and that Armenia's economy is open to both domestic and foreign investors."

He said that the program was formulated after Abrahamyan met with various non-government organizations and associations.

"Account was taken of the fact that we are facing time constraints as for program implementation, challenges associated with the global economic trends and specific developments in our region," the deputy prime minister said.

He noted that the government is set to ensure five percent medium-term growth comparable to developed nations, gradually increase the minimum wage, and oversee a 10 percent reduction in poverty in 2014-2017.

In closing the meeting, Abrahamyan said the program takes into account views expressed by all political parties represented in the National Assembly, ministries and government agencies.

The program will now be submitted to the National Assembly in accordance with Armenian law.