Finance minister: Armenia’s 2010 state budget would be realistic and
relatively modest
YEREVAN, August 28. /ARKA/. Armenian Finance Minister Tigran Davtyan,
speaking Friday in Novosti International Press Center, said Armenia’s
2010 state budget would be realistic and relatively modest.
He refrained from mentioning the planned indicators of expenditure and
revenue, because, as he said, the 2010 state budget is under
elaboration now and would be sent to the cabinet ministers for
consideration and put on National Assembly’s floor for approval in due
time.
`The 2010 budget will be realistic and relatively modest and up to our
present capacity’, the minister said.
`Along with that, we have to retain the 2009 levels of economic
development and financing.’
The finance ministry says the state revenues for Jan-July 2009 totaled
AMD 359 billion – 13.3% year-on-year reduction.
The state budget expenditure amounted to AMD 426.5 billion after
growing 5.8% or by AMD 20.9 billion over the period between January and
July 2009, compared with the same period a year earlier.
As a result, the deficit amounted to AMD 67.5 billion (excluding the
funds received from international organizations and foreign governments
for certain programs). The deficit was planned to be 71.8 billion for
nine months. ($1= AMD 376.09). M.V.-0—