Ministry Of Finance: Budget Deficit In 2010 Will Be Lower Than In 20

Emil Lazarian News

MINISTRY OF FINANCE: BUDGET DEFICIT IN 2010 WILL BE LOWER THAN IN 2009

PanARMENIAN.Net
28.10.2009 17:34 GMT+04:00

/PanARMENIAN.Net/ The ministry of finance takes measures to restore
the state budget deficit to the level of 3 per cent to GDP, minister
of finance of Armenia Tigran Davtyan told a press conference in
Yerevan today.

"This year the deficit is projected to reach 7.5 per cent to GDP,
and we must try not to exceed this limit," he said.

Tigran Davtyan also informed that in 2010 the ministry projects to
bring the budget deficit level to 5.7 per cent of GDP. He added that
the budget deficit in 2010 will be certainly lower than in 2009.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS