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Discussions Of Summed Up Variant Of 2010 State Budget To Start In Go

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  • Discussions Of Summed Up Variant Of 2010 State Budget To Start In Go

    DISCUSSIONS OF SUMMED UP VARIANT OF 2010 STATE BUDGET TO START IN GOVERNMENT FROM TOMORROW

    ARMENPRESS
    SEPTEMBER 10, 2009
    YEREVAN

    YEREVAN, SEPTEMBER 10, ARMENPRESS: The main works of the formation of
    the 2010 state budget have already ended and its summed up version is
    already ready, Armenian Finance Minister Tigran Davtyan said today
    at the session of the government informing that from tomorrow the
    discussions will start at the government.

    Davtyan said that next year's budget will be quite modest and
    tensed. "We must stabilize our economy by economizing. As compared
    with this year's budget in the 2010 one certain expenditures will be
    reduced. I ask our partners to understand it," the minister said.

    He noted that according to the initial variant of the budget, the
    growth of GDP for the next year is intended 1.3%, index-deflator 2%,
    deficit 5.5%. The budget deficit must be financed on the account of
    inner and foreign sources.

    Tigran Davtyan said that an attempt will be made to gradually reduce
    the level of deficit bringing it to the level of the last years. The
    minister suggested that other ministers and heads of departments
    present the proposals which are necessary to be included in the budget
    package. He also noted that budget discussions will continue in other
    formats as well and changes may be made in it.
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