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Chief Treasurer Says Armenia Country With Low External Debt

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  • 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."
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