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CBA MAKES ADMINISTRATIVE AND CAPITAL EXPENDITURES ECONOMICALLY
Noyan Tapan
Sep 4, 2007
YEREVAN, SEPTEMBER 4, NOYAN TAPAN. The administrative expenditures
of the Central Bank of Armenia (CBA) made 3 bln 337 mln drams (over
8.02 mln USD) instead of programmed 2 bln 851 mln drams, the CBA
chairman Tigran Sargsian said at the September 3 joint sitting of the
RA National Assembly standing committees when presenting the report
on the 2006 budget.
According to him, capital investments of CBA amounted to 1 bln 743
mln drams in 2006 instead of programmed 2 bln 254 mln drams. The CBA
ensured savings with respect to these two expense directions.
It was mentioned that the policy of replacing CBA experienced employees
with young ones resulted in salary savings. The CBA chairman said that
part of the work on construction of the new CBA building (envisaged
for 2006) will be implemented in 2007.
Noyan Tapan
Sep 4, 2007
YEREVAN, SEPTEMBER 4, NOYAN TAPAN. The administrative expenditures
of the Central Bank of Armenia (CBA) made 3 bln 337 mln drams (over
8.02 mln USD) instead of programmed 2 bln 851 mln drams, the CBA
chairman Tigran Sargsian said at the September 3 joint sitting of the
RA National Assembly standing committees when presenting the report
on the 2006 budget.
According to him, capital investments of CBA amounted to 1 bln 743
mln drams in 2006 instead of programmed 2 bln 254 mln drams. The CBA
ensured savings with respect to these two expense directions.
It was mentioned that the policy of replacing CBA experienced employees
with young ones resulted in salary savings. The CBA chairman said that
part of the work on construction of the new CBA building (envisaged
for 2006) will be implemented in 2007.