Armenian Parliament passed the law on the state budget for 2009
YEREVAN, November 27. /ARKA/. Armenian Parliament passed the law on the
state budget for 2009.
According to the state budget, total incomes are to amount to 905bln
Drams, expenditures 945bln Drams and deficit 40bln Drams. The tax and
due receipts are to total 727.5bln Drams.
Armenian Minister of Finance Tigran Davtyan said that `low deficit is a
good buffer for resisting the possible effects of the world crisis’.
Gross Domestic Product (GDP) is planned to be 4trln 169bln Drams in
Armenia with real GDP growth at 9.2%, deflator at 4% and inflation at
4±1.5%.
Under the state budget for 2009, Dram exchange rate is 303.69Drams for
$1 (the rate recorded on November 3).`0–