RA BUDGETED DEFICIT NOT TO EXCEED 7.5%

PanARMENIAN.NET
09.09.2009 13:36 GMT+04:00

/PanARMENIAN.Net/ Budgeted deficit not to exceed 7.5% in Armenia,
according to IMF forecast.

"Six months ago the Armenian government was concerned over the deficit
index, since the volume of tax flows has considerably reduced. This
led to arrears in wage and pension payment," said Ms. Nienke Oomes,
IMF Resident Representative in Armenia.

"Nevertheless, successful talks between the Armenian government
and international structures allowed financing budgeted deficit
in 2009. At that, IMF will allocate $155 million, World Bank – $60
million and ADB – $80 million," she said.