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Parliament Discusses Budget Bill

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  • Parliament Discusses Budget Bill

    PARLIAMENT DISCUSSES BUDGET BILL

    KarabakhOpen
    07-12-2007 12:23:39

    On December 6 the budget bill 2008 was presented to the standing
    committees.

    The minister of finance Spartak Tevosyan presented the bill who said
    this is the first fiscal document of the first government, and if it
    is affirmed, it will serve as a basis for further development.

    The estimated budget receipts total 49 billion drams, and outlays
    total 52.5 billion. The deficit is 3.4 billion drams.

    In 2007 budget receipts totaled 31 billion drams and outlays totaled
    33 billion. Armenia got an interstate loan of over 20 billion drams
    from Armenia.

    The budget bill will be discussed by the committees and stakeholders
    in the upcoming two weeks.
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