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Natural Gas Subsidizing By Armenian Government Is Not Transparent, I

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  • Natural Gas Subsidizing By Armenian Government Is Not Transparent, I

    NATURAL GAS SUBSIDIZING BY ARMENIAN GOVERNMENT IS NOT TRANSPARENT, IMF REPRESENTATIVE CLAIMS

    Noyan Tapan
    Dec 13 2006

    YEREVAN, DECEMBER 13, NOYAN TAPAN. The subsidizing of natural gas
    by the Armenian government is not transparent, and it is quite
    difficult to know what agreement has been reached with Gazprom, IMF
    Yerevan Office Resident Representative Nienke Oomes told reporters on
    December 13. According to him, the subsid izing process is unclear,
    since these sums are not seen in the state budget and are used through
    the budget of the RA defence ministry. The beneficiaries, particularly
    the poor do not benefit so much from these sums. N. Oomes said that
    the IMF directors called on the Armenian authorities to work out a
    long-term strategy, which will allow to gradually stop gas subsidizing
    by late 2008, insuring complete self-financing and reducing midterm
    fiscal risks.
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