RA PARLIAMENT APPROVED BUDGET 2008
2007-11-28 13:59:00
ArmInfo. Today, RA parliament approved the final version of the
country’s budget for 2008 at its extraordinary sitting.
As RA Finance and Economy Minister Vardan Khachatryan said, the
revenue side of the country’s revised state budget will make up 746
bln drams, the expenditure side – 822 bln drams, the budget deficit –
76 bln drams. The revenues and expenditures the local authorities’
budgets will turn out at the level of 47,3 bln drams. Growth of the
country’s GDP is forecasted at the level of 10%. As the minister
said, as a result of the parliamentary discussions, most of the
proposals was received on education – for about 10 bln drams. These
proposals were made by representatives of the Republican party, and
ARF "Dashnaktsutyun". Moreover, the proposals concerned improvement
of the water supply system, motor roads, health care and the social
sphere. In fact, the proposals were received for 3 bln drams. In
general, V. Khachatryan said, there were few changes made. In
particular, the revenues and expenditure sides of the budget were
reduced by 720 mln mainly conditioned by vibration of American
dollar rate. First, they were going to set American dollar rate to
the Armenian dram at 336 drams, but after revision, it was set at 325
drams for a dollar. Moreover, the government offered to increase the
revenue side of the state budget by 2 bln drams. It is envisaged to
direct the funds at the human resource, for an overhaul of schools
and construction of new educational establishments.