Economically unjustified pessimism

07/04/2008 Ara GALOYAN

Everything is being politicized now and it is not surprising any more. But even this doesn’t give an opportunity to insist that the politicization of the economy is a purely Armenian phenomenon. The political economy term has been known to the humanity for about 200 years. Therefore the political references of the chairman of the financial and budgetary standing committee of the NA Gagik Minasyan were quite expected. The high estimations given to our economy were expected. Instead it was unexpected to know that Minsayan would state during his press conference that the negative post-electoral developments negatively affected the fulfillment of the state budget quarterly. According to the Armenpress the post-electoral development negatively affected both the economy of the country and its image in the international arena. The fact that the post-electoral developments had negative impact on the country is totally impossible to prove. Any citizen would claim that both during the pre-election and post-election periods the national currency has had lofty indices. During the past months the USD has stayed stable – 305-310 AMD per USD. It is quite strange what other fact would make the statesman to make such an assumption. The high-rank statesman prefers to make predictions and assumptions instead of bringing up clear facts and evidence. The quarterly is over but the man keeps making predictions. Through this method it is possible to forecasts the amount of the harvest of for the coming December. The innocence doesn’t enable us to assume that after the reporting period this is just an assignment to draw negative numbers. The social groups feel best the actual economic condition of the country. I tried to find out and it turned out that all the pensioners I know received their pensions on time. The lecturers of Yerevan State University as usual received their salaries on the first day of the month. In certain state bodies salaries were increased. The salary payment in the National Assembly was not delayed either. According to official data the budget quarterly is in a normal state. Moreover, the inflows exceeded the planned expenditures. Even those positive indices don’t give grounds to our statesmen to assume what the experts have been speaking of during the last two decades. Our economic system is not a market economy. Therefore, it is wrong to analyze our economic situation due to economic theoretic methods. For example, the flourishing and stable state of our banking system doesn’t have any negative impact on the economy. Regardless of how accurate the credit portfolios of our banking system are the banks credit neither businesses nor agriculture. The second part of the NA committee chairman, according to which the post-electoral period had a negative impact on the image of the country, may also be considered as a forecast. The negative influence is not yet clearly stated by the economic statistics. Instead, certain statements are made, based on which such conclusions may be drawn. But he same MP hopes that the MCC Compact won’t be recessed. We are used to blaming the west of dual standards. There wasn’t an official statement made by the MCC about the recession of the program and its continuity exclusively depends on us. If the country continues the rough and undemocratic reproduction of the legislation the response won’t be delayed. It is not right to speak about the creation of equal competition conditions of entrepreneurs for many years. If you think that the 10 years were fertile for the country then this issue should have been solved long ago.