YEREVAN. – The 2016 State Budget of Armenia will restrain the economy, since investment policy is pushed back.

Head of the Union of Domestic Goods Producers of Armenia, economist Vazgen Safaryan, noted the above-said at a press conference on Tuesday.

In his words, the deficit of 190 billion drams (approx. $402,791,202) comprises a large part of the current state budget of the country, and 120 billion drams (approx. $254,394,443) of this deficit will be formed by the loans.

“Here the consumer budget is more primary than the investment one,” noted Safaryan. “This road is an attempt to go ahead of the next global crisis.”

The economist added that the capacity of Armenia’s state budget is limited in terms of investment.