ARMENIA’S STATE BUDGET TO BE ONE-FOURTH OF AZERBAIJAN’S

Azeri Press Agency
Sept 28 2006

Armenian Government has approved the Draft State Budget for 2007 and
submitted it to the Parliament. The incomes and expenditures of the
State Budget are forecasted to be $1.545bn and $1.725bn respectively.

The budget deficit will make at least $180mn.

The Budget will increase by 18.3 and its expenditure will increase
by 15.6% as against 2006’s.

Azerbaijani Government has also approved the Draft State Budget and
submitted it to President Ilham Aliyev.

Azerbaijan’s State Budget for 2007 is forecasted to be $6bn.