news.am, Armenia
Dec 30 2009

NKR President signed 2010 draft budget

16:22 / 12/30/2009December 30, NKR President signed 2010 draft budget.

Earlier, the document was approved by NKR Parliament. According to NKR
Finance Minister Spartak Tevosyan, Karabakh’s 2010 budget policy will
be focused on easing of global crisis consequences and creation of
solid basis for stable development of the country.

Under the forecasts, in 2010 GDP will total AMD 115bn, economic growth
-10%, with a deficit of AMD 3bn 640.4m. The budget revenue will reach
AMD 56bn 280.1m, whereas expenditures ‘ AMD 59bn 920.5m. Public
revenue is projected at AMD 22 bn 20m that exceeds the 2009 indicator
by 6.1 %.

A.G.