Economist Mikayel Melkumyan noted that the economic policy pursued in the country should serve the citizens on the one hand,and the security system on the othre.
“The government also accepted that 8.7 percent economic growth in 2023 is not economic development. The question that the economy should be inclusive and reach everyone, we see that it does not happen that way. We need to understand why it doesn’t happen and solve the security issues competently,” he said and noted that there will be onyl competent criticism within the framework of the initiative.
“They said that they see the solution of the issue in the conditions of the universal consensus of all forces, let all the leaders of the republic, past and present, leaders of serious, weighty political forces and figures with authority, sit around the same table and say a solution. Armenia is at the point where everyone should be able to sit around the table, past, present, constantly hitting below the waist does not help. Everyone has the right to criticize, but they must go to a solution. When they see that there is no solution, everyone gets disappointed,” he said.
Melkumyan mentioned that the authorities are talking about peace, but, according to him, peace should be imposed, and for that the security system should be significantly improved.
“There are 557 billion drams in the budget, what is preventing us from doubling our defense budget while keeping social expenses?” he said.
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What strategies can be implemented to ensure that economic benefits reach all layers of society in Armenia?
Q: Thank you for joining us today, Mikayel Melkumyan. Your insights into Armenia’s economic policy have sparked critically important discussions. coudl you elaborate on the ideal balance between serving citizens and the security system?
A: Thank you for having me. It’s crucial that our economic policy is dual-focused. On one hand, it must cater to the needs of the citizens, ensuring that economic growth translates into tangible benefits for all. On the other hand, a robust security system is imperative. The two must work in tandem; without security, economic advancement is at risk, and without addressing the economic needs of citizens, we cannot foster lasting peace.
Q: You mentioned the goverment’s acknowledgment that 8.7 percent economic growth in 2023 does not equate to true development. What do you believe is missing in this growth?
A: Exactly. While 8.7 percent growth may look remarkable on paper, it has not resulted in inclusive prosperity for everyone in Armenia. We need to ask why this is the case. Is it due to systemic issues, lack of effective policies, or perhaps the concentration of resources in the hands of a few? It’s essential that we investigate these areas to ensure economic benefits reach every layer of our society.
Q: You advocate for a consensus among political leaders. Why is this essential for Armenia at this point?
A: Armenia is at a critical juncture. Gathering leaders—both past and present—around the same table can cultivate a space for dialogue and cooperation. Constantly attacking each other, metaphorically “hitting below the waist,” does not facilitate solutions. We must shift the focus toward constructive criticism that aims for consensus and tangible solutions. Disappointment arises when there are no viable options available, so collaboration is key.
Q: let’s discuss peace. You indicate that peace should be ‘imposed’.What do you mean by this?
A: When I say peace should be imposed, I suggest that we need a proactive approach to security that lays the foundations for peace. It’s not just about using diplomatic channels but also enhancing our security infrastructure. Only when we have a secure habitat can we genuinely engage in peace talks. This requires a significant enhancement in our security system, ensuring that citizens feel protected and valued.
Q: You also raised an captivating point about the national budget. What do you propose regarding the defense budget in light of economic constraints?
A: the budget currently stands at 557 billion drams. My question is straightforward: What is preventing us from doubling our defense budget while still maintaining social spending? If we can strategically allocate resources, we should prioritize both security and social stability. After all,robust defense is not only about military strength but also about the economic resilience of our society.
Q: what practical steps do you recommend for policymakers and citizens to foster a more inclusive economic environment?
A: First, policymakers must be obvious about economic strategies and engage with citizens to understand their concerns directly. Second, creating platforms for dialogue among various political factions will help build a consensus, paving the way for collective action. Lastly, citizens should actively participate in these discussions, voicing their needs and expectations. This synergy can drive the necessary changes to create an equitable economic environment that genuinely serves everyone in Armenia.