ARMENIAN GOVERNMENT WILL PAY OFF ITS DEBTS (IN CASE YOU WERE WONDERING)

Tert.am
14:10 ~U 18.03.10

The Government of Armenia will pay off its debts to trade banks, Prime
Minister of Armenia Tigran Sargsyan said at government session today.

The government today ruled to allocate 270 million AMD from the
country’s deposit fund to the State Revenue Committee to pay off its
debts to trade banks that it had accumulated due to the monthly state
lottery draw of receipts from point-of-sale machines and the payments
of those cash prizes during 2009.

According to RA Finance Minister Tigran Davtyan, with this ruling,
the government discharges its debts in full.

The Armenian prime minister, in turn, mentioned that this decision is
being made belatedly and that the complaints by the banks, who say
that the government isn’t fulfilling its obligations, are, in fact,
quite to the point.

From: Emil Lazarian | Ararat NewsPress