ACCORDING TO TIGRAN DAVTIAN, 2010 STATE BUDGET TO BE "QUITE TENSE AND MODEST"
NOYAN TAPAN
SEPTEMBER 11, 2009
YEREVAN
YEREVAN, SEPTEMBER 11, NOYAN TAPAN. The discussions of the 2010 state
budget will start at the Armenian government on September 11. At
the September 10 sitting of the government, RA Minister of Finance
Tigran Davtian said that next year’s budget will be "quite tense
and modest". "I ask my colleagues to display understanding because
next year we must continue to work in a resource-saving mode and try
to build our economy. In fact, the 2010 budget will be a budget of
stabilization which presupposes a reduction in some expenditures,"
the minister pointed out.
He said that the preliminary version of the 2010 state budget
envisages 1.3% GDP, 2% deflator, and 5.5% deficit. It is planned to
find domestic and foreign sources of financing the budget deficit
in the coming years, that is, an attempt will be made to gradually
reduce the deficit to the level of the previous years.