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TBILISI: Armenian Parliament Receives 2009 Budget

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  • TBILISI: Armenian Parliament Receives 2009 Budget

    ARMENIAN PARLIAMENT RECEIVES 2009 BUDGET

    The Messenger
    Dec 2 2008
    Georgia

    The Armenian Parliament has adopted the budget for 2009. This consists
    of expenditure of more than USD 3.3 billion. PM Tigran Sarkisian stated
    that GDP in 2009 will reach USD 13.7 billion and growth will be 9.2%.

    Next year imports will increase by 20%, reaching USD 4.3 billion,
    but exports by 10%, reaching USD 1.3 billion. The negative trade
    balance will be USD 3 billion. The country's total state debt will
    reach USD 2.2 billion, 16.1% of GDP. 13.1% of this is external debt.

    Budget income is the nearly the same as expenditure. The deficit
    comes to approximately USD 13 millions, around 1% of GDP.

    Education will receive USD 416 million in funds, healthcare USD
    215 million and social care USD 827 million. The average salary of
    teachers will now be around USD 380 and doctors' approximately USD 300.
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