IT IS ENVISAGED ALLOWING GOVERNMENT TO EXCEED 3% LIMIT OF INTERPROGRAM REDISTRIBUTIONS

Noyan Tapan
Oct 6, 2009

YEREVAN, OCTOBER 6, NOYAN TAPAN. The RA National Assembly on October
6 passed in the first reading the previously discussed bill on
approval of the 3-year program on state statistical work in the RA in
2010-2012. The bills on amendments and additions to a number of laws
were adopted, including the amendment (passed in the first reading)
to the Law on the 2009 State Budget of the RA, which proposes allowing
the government to exceed in the given budget year the 3% maxiumum
amount of interprogram redistributions in 2009 under the Law on the
Budget System of the RA.

The main speaker, RA Deputy Minister of Finance Pavel Safarian
said that in order to boost the economy this year under conditions
of the global financial crisis, target credit and grant resources
not reflected in the 2009 budget have been attracted. The ratified
agreements on allocation of credits envisage state co-financing,
whereas such an amount of co-financing was not envisaged in the
state budget.

The parliament also ratified the 2009-2012 Program on Cooperation in
Science and Education between the Governments of Armenia and Bulgaria,
which was signed in Yerevan on 22 April 2009.