State Budget Project Affirmed in Parliament

State Budget Project Affirmed in Parliament

December 29, 2008

NKR Government Information and
Public Relations Department

Today, with the majority of votes the NKR Parliament has approved the
project of the NKR State Budget 2009. The NKR Prime Minister Ara
Haroutyunyan noted in his brief speech that he is satisfied with the
results of the Budget discussions, which took place in the NKR National
Assembly, a constructive dialogue was carried on between the Executive
and the Legislative authorities. Though in the result of the world
economic crisis, an unfavourable condition to a certain extent was
created, without "Base Metals" the main tax-payer company, in the
second half of 2008, the private tax revenues increased by 50 percent
on the part of the other tax-payers. The total economic growth in the
Republic formed more than 14 percent. This index must be retained in
2009 as well,- the Prime Minister asserted. It was simultaneously
underlined that it is necessary to considerably raise the GDP in the
forthcoming year and to equalize it to the level of Armenia.
A.Haroytyunyan reported that a commission occupied with anti-crisis
problems, with the Prime Minister at the head will be created.

According to the presentation by the Head of the Government certain
steps to reduce and prevent the consequences of the financial and
economic crisis have been already taken. Particularly, changes with
this aim were implemented in the tax legislation.

The Prime Minister touched upon other undertakings and attitudes of the
Government due to which the outlined social and economic programmes
will be possible to implement in 2009.