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ARMENIAN 2007 BUDGET RISES USD 71.5 MILLION
By M. Alkhazashvili
(Translated by Diana Dundua)
The Messenger, Georgia
June 26 2007
The Armenian government has amended its 2007 national budget,
increasing the total by USD 71.5 million, announced Armenian Deputy
Minister for Finance and Economy Pavel Safarian on June 21.
The initial 2007 budget was drafted with expectations of nine percent
GDP growth for the year. Economic trends in the first five months of
2007, however, led officials to revise the number to an 11 percent
rise, reports the news agency Regnum.
The Armenian budget will receive an additional influx from land
leasing. Estimates fall between USD 11.4 million and USD 42.9 million.
The government also received a USD 2.9 million grant to be used for
transportation development.
From: Emil Lazarian | Ararat NewsPress
By M. Alkhazashvili
(Translated by Diana Dundua)
The Messenger, Georgia
June 26 2007
The Armenian government has amended its 2007 national budget,
increasing the total by USD 71.5 million, announced Armenian Deputy
Minister for Finance and Economy Pavel Safarian on June 21.
The initial 2007 budget was drafted with expectations of nine percent
GDP growth for the year. Economic trends in the first five months of
2007, however, led officials to revise the number to an 11 percent
rise, reports the news agency Regnum.
The Armenian budget will receive an additional influx from land
leasing. Estimates fall between USD 11.4 million and USD 42.9 million.
The government also received a USD 2.9 million grant to be used for
transportation development.
From: Emil Lazarian | Ararat NewsPress