VIDEO: Does Buying a BMW for the Speaker of Parliament Impact Economic Growth? Khachatryan to Hovnanyan

There are capital expenditures that contribute to the economy and those that do not. For instance, purchasing a BMW for the Speaker of Parliament does not influence economic growth; it affects BMW's business indirectly. Let's not link this to whether retirees start living better, stated Arthur Khachatryan, a member of the 'Armenia' faction, during a parliamentary session addressing Finance Minister Vahe Hovnanyan.

Vahe Hovnanyan responded that different capital expenditures affect the development of the economy in various ways. 'Therefore, our overall methodology is such that we are guided by classifications, because there is even an opinion, and we are discussing this opinion with our international partners, that there are current expenditures that positively impact economic development just as much,' said Hovnanyan.

For more details, watch the video.