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Armenia Approves 2008 Budget

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  • Armenia Approves 2008 Budget

    ARMENIA APPROVES 2008 BUDGET

    Russia & CIS Business and Financial Newswire
    November 28, 2007 Wednesday 2:06 PM MSK

    The Armenian National Assembly on Wednesday approved the country's
    2008 budget law, an Interfax correspondent reported from the assembly
    meeting.

    Revenue is forecast at 746 billion dram ($2.29 billion based on 325
    dram/$1), spending at 822 billion ($2.53 billion), and the deficit
    at 76 billion ($233 million), or 9.2% of spending.

    The official exchange rate on November 27 stood at 304.33 dram/$1.

    From: Emil Lazarian | Ararat NewsPress
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