EXPENSES INCREASED

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| 20:04:53 | 28-09-2005 | Politics |

By the budget of the coming year the Government will allot 270 million
ARMD more to the city transport. 462 million AMRD has also been
allotted as compensation to those who had deposits in the unfinished
buildings’ construction.

this information was given by the Finance and Economy deputy Minister
Pavel Safaryan during today’s Governmental briefing. He also mentioned
that there is not much chance for getting financing from the USA by
the program “Millennium Challenges” till the end of next year.

On the whole, the 2006 budget expects grants of about 9 billion,
but is will also take credits of about 56 billion.

The military expenses will also be expanded by 13 billion ARMD and
will form about 150 million USD. In connection with the announcements
of Azerbaijan to equal their military budget to that of our whole
country, Pavel Safaryan said, “We also have the desire of equaling
our military budget to the budget of Azerbaijan”.