THE PRIME MINISTER PREPARES GROUND FOR EFFICIENT WORK

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[07:08 pm] 01 November, 2006

RA Prime Minister Andranik Margaryan promised to confirm a budget
which will allow the Prime Minster, be it him or someone else, to
work efficiently next year. After the 2007 Parliamentary elections
a new Government will be formed, and as Andranik Margaryan is not
sure about the results of the NA elections, he can’t say if he will
be Prime Minister again or not.

Today the Prime Minister represented the draft budget.

NA Standing Committees started the discussions of the 2007 state
budget; they will last two weeks. According to the draft, the income
is supposed to be 489.5 billion AMD, the expenses are supposed to be
about 557.8 billion AMD, and the deficit will be about 68.3 million
AMD. The draft budget calculates one USD as equal to 357 AMD.

The Government will improve the tax and customs legislation. As a
result of the reforms about 50 billion AMD will be gathered. The
Government hopes that import will grow by 13.5%, and export – by 16%.

From: Emil Lazarian | Ararat NewsPress