Armenian parliament adopts 2005 state budget

Arminfo
25 Dec 04

YEREVAN

The Armenian National Assembly yesterday adopted the Armenian state
budget for 2005 with a vote of 103 in favour and seven against.

Armenian Deputy Finance and Economy Minister Pavel Safaryan who
presented the country’s main financial document thinks that certain
changes have been made to the state budget of 2005. The overwhelming
majority of the 315 proposals and amendments put forward by the
deputies are reflected in the document.

Additional expenses to the tune of 22.3bn drams [46.074m dollars] are
envisaged, including 9.2bn [19m dollars] on the resolution of
social-cultural issues, 2.7bn [5.57m dollars] on the education sphere
and 3.6bn [7.43m dollars] on the social sphere. In comparison with the
original amount of the draft project, the budget expenses have
increased by 19.2bn [39.6m dollars] and total 394bn drams [814m
dollars].

The revenues of the Armenian state budget have also increased and
totalled 345.7bn [714.25m dollars].

From: Emil Lazarian | Ararat NewsPress