RA FINANCE MINISTER CALLS 2010 BUDGET OF ARMENIA "BUDGET OF ECONOMIC STABILIZATION"

Noyan Tapan
Sep 29, 2009

No such file or directory 1.2-1.3% in Armenia which will enable to
get out of the crisis in 2011, RA Minister of Finance Tigran Davtian
told reporters on September 29.

In his words, the 2010 state budget is a budget of economic
stabilization.

"I think we will be able to finally stabilize the economy next year and
will even try to create a basis to ensure the sustanable development
of the country in the coming years," he said.

He informed the reporters that now and in future years the government
will conduct an expansionary policy aimed at neutralizing the crisis,
at the same time trying to maintain state expenditures. Social
expenditures, and expenses on national security and public
administration will be maintained within the limits of the possile. It
is planned to reduce shaply expenditures on the purchase of equipment
and vehicles, on business trips and reception of delegations in
2010. "We are going to establish a strict saving mode for the state
government system. We also envisage reducing, to some extent, capital
expenditures at the expense of the state budget," the minister said.