ARMENIAN CURRENCY RATE RAISES, BUT THE BUDGET HAS LOSSES
A1plus
| 17:30:15 | 02-05-2005 | Economy |
During 4 months the Armenian state budget has suffered a loss of 710
million drams. After that the Government has decided to introduce
changes in the RA Law on Confirmed fees of tobacco products. «If
the project is not adopted, in case of the Armenian currency rate
preserving for the coming months, the loss of the budet for every
month will be 450 drams», announced Finance and Economy Minister
Tigran Khacahtryan today.
The problem is that the fees for tobacco products are taken by drams,
and the Government offers to change the law and to calculate 500 drams
for $1. The Government does this to prevent possible over-profit.
Arthur Baghdasaryan asked Tigran Khacahtryan as a specialist how
long the unstable currency state will continue. Tigran Khachatryan
answered taht he cannot tell as it depends on the policy of the
American Government, the international prices of the goods imported
into Armenia, and National transferts. According to him, even the
international oranizations cannot foresee things.
–Boundary_(ID_cHZCZbdlSs+et8f+6z2jvQ)–