At a session of the National Assembly’s Financial-Credit and Budgetary Committee, its chair, Tsovinar Vardanyan, stated that Armenia does not face financial problems because it manages its finances effectively.
“There is a big difference between saying ‘there is a lot of money’ and ‘there is no money problem.’ There can never be ‘too much money.’ A unit’s financial capacity includes its available funds and its ability to borrow, which allows us to attract credit resources,” Vardanyan said, as quoted by Pastinfo.
She was responding to a question from opposition MP Artur Khachatryan of the Hayastan faction, who asked why, if—as President Vahagn Khachaturyan earlier declared—“there is no money problem” in Armenia, the government is taking a €45.3 million loan from the Asian Development Bank.
