DISCUSSIONS OF SUMMED UP VARIANT OF 2010 STATE BUDGET TO START IN GOVERNMENT FROM TOMORROW

ARMENPRESS
SEPTEMBER 10, 2009
YEREVAN

YEREVAN, SEPTEMBER 10, ARMENPRESS: The main works of the formation of
the 2010 state budget have already ended and its summed up version is
already ready, Armenian Finance Minister Tigran Davtyan said today
at the session of the government informing that from tomorrow the
discussions will start at the government.

Davtyan said that next year’s budget will be quite modest and
tensed. "We must stabilize our economy by economizing. As compared
with this year’s budget in the 2010 one certain expenditures will be
reduced. I ask our partners to understand it," the minister said.

He noted that according to the initial variant of the budget, the
growth of GDP for the next year is intended 1.3%, index-deflator 2%,
deficit 5.5%. The budget deficit must be financed on the account of
inner and foreign sources.

Tigran Davtyan said that an attempt will be made to gradually reduce
the level of deficit bringing it to the level of the last years. The
minister suggested that other ministers and heads of departments
present the proposals which are necessary to be included in the budget
package. He also noted that budget discussions will continue in other
formats as well and changes may be made in it.