Chief Treasurer Says Armenia Country With Low External Debt

CHIEF TREASURER SAYS ARMENIA COUNTRY WITH LOW EXTERNAL DEBT

Panorama.am
19:20 19/04/2007

Today, the government approved the draft law on approval of the
annual report on execution of the state budget in 2006. State budget
deficit made up 1.5 percent of GDP last year. Atom Janjughazyan,
chief treasurer of the republic, said this figure has been down by 0.4
percent against 2005. The draft envisages to approve 2006 state budget
with 441 billion 483 million 135.6 thousand Armenian drams in incomes,
481 billion 183 million 188.4 thousand drams in expenditures and 39
billion 700 million 52.8 thousand drams in budget deficit. Under the
reported time, the external debts of the country made up $1 billion
205.6 million. It has gone up by $106.4 million against 2005. Despite
of the figure, the chief treasurer considers Armenia "as a country
with low external state debt."