2008 BUDGET REACHES NATIONAL ASSEMBLY

Panorama.am
17:33 04/10/2007

The National Assembly has already received the proposed budget figures
for 2008 at their unscheduled meeting on Monday. Discussions will
continue until November, but from October 29 the permanent committee on
finance and budgeting will meet regularly to study the budget outline.

The budget for 2008 has been finalized. Planned is 744.7 million dram
of income and 820.8 of expenses, with a deficit of 76 billion dram. A
raise in minimum wages is foreseen, by 5,000 dram, up to 25 thousand
dram. Also foreseen is a raise of wages for doctors and teachers,
city workers, diplomatic workers, all by an average of 60 per cent.