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Gagik Minasyan: Armenian Economy Coming Out Of Crisis

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  • Gagik Minasyan: Armenian Economy Coming Out Of Crisis

    GAGIK MINASYAN: ARMENIAN ECONOMY COMING OUT OF CRISIS
    Nvard Davtyan

    "Radiolur"
    30.04.2010 16:20

    Proceeds of Armenian state budget in the first quarter, 2010, increased
    17% and made 164.1bln AMD, Chairman of Standing Parliamentary Committee
    on Financial-Credit and Budgetary Affairs Gagik Minasyan told a press
    conference today.

    "The expenses in the accounting period increased 10%, making 170.1bln
    AMD. The deficit of the budget made 6bln AMD, while the planned one
    for the first quarter was at the level of 38bln AMD.

    "If we compare the state budget of Armenia with the pre-crisis period,
    in the first quarter, 2010, there was a 6% increase of incomes and a
    22% increase of expenses registered," Gagik Minasyan said. According
    to him, this evidences that the Armenian economy is gradually coming
    out of the crisis.
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