2024-04-05 03:20:56
In the fiscal policy, if taxes are over-implemented, but expenditures are under-implemented, it means that the government brings money from the economy through its pipes, but cannot return that money to the economy.
Davit Ananyan, the former head of the State Revenue Committee, told 168 TV’s “Review” program that the good and bad of the economy is not in the efficient organization of the taxation process, but, so to speak, whether we are increasing the economy’s capital or not.
“If, for example, we predict an increase of ten and a half trillion in the gross domestic product in 2024 and it refers to the non-exportable sector: trade, services, construction, then this so-called growth is a bubble.
Trade and services do not sustain a country, especially since their volumes are determined by external factors.
A substantial and influential branch of industry, mining, has experienced a decline. In the structure of the economy, we have had a gradual decline in quality, the exportable sector is dethroning, the non-exportable sector is growing due to external factors. One day these external factors will disappear, I don’t see what we will replace them with.”