ARMENIAN FOREIGN MINISTRY TO GET 4.6 BILLION DRAMS TO MAINTAIN EMBASSIES AND OTHER DIPLOMATIC MISSIONS ABROAD IN 2010

ARKA
Nov 5, 2009

YEREVAN, November 5, /ARKA/. First deputy finance minister Pavel
Safarian said today the Armenian foreign ministry will get 4.6 billion
Drams next year to maintain Armenian embassies and other diplomatic
missions abroad.

Speaking at another parliamentary hearing today on next year’s budget
Pavel Safarian said the ministry will get as much for the maintenance
of embassies and missions as it received this year.

He said there are some calculation problems caused by the depreciating
Armenian national currency Dram, because the funds need to be converted
into US Dollars and Euros.

Pavel Safarian said the ministries of finance and foreign affairs
are having special consultations to determine the best calculation
rate so that the changing exchange rate of Dram does not affect the
operation of embassies and diplomatic missions.

According to the 2010 draft budget, the government plans to collect
676. 6 billion Drams of revenues, down from 772 billion projected
for 2009. It also plans to spend 859.6 billion drams, of which 85.7%
will be current expenditures. Tax revenues for 2010 are projected at
533 billion Drams, up from 510 billion, projected for 2009.

From: Emil Lazarian | Ararat NewsPress