MINISTER OF FINANCE OF ARMENIA DESCRIBES STATE BUDGET FOR 2010 AS "MODEST AND TENSE"
Hasmik Dilanyan

"Radiolur"
10.09.2009 18:00

The Armenian government will start discussions of the draft state
budget for Fiscal Year 2010 on September 11, the Minister of Finance
of Armenia, Tigran Davtyan said at the Government sitting today.

He described the budget for 2010 as "modest and tense." According to
him, the draft represents only the text part of the document.

Tigran Davtyan informed that the project includes only deficit indices
for the year 2010 at the volume of 5.5% and the forecast for the
economic growth for 2010 – 1.3%.

The Minister of Finance noted that in 2010, the leadership of the
country intends to renounce certain expenses and works in the direction
of cutting down the deficit.