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State Budget Project Affirmed in Parliament

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  • State Budget Project Affirmed in Parliament

    State Budget Project Affirmed in Parliament


    December 29, 2008

    NKR Government Information and
    Public Relations Department


    Today, with the majority of votes the NKR Parliament has approved the
    project of the NKR State Budget 2009. The NKR Prime Minister Ara
    Haroutyunyan noted in his brief speech that he is satisfied with the
    results of the Budget discussions, which took place in the NKR National
    Assembly, a constructive dialogue was carried on between the Executive
    and the Legislative authorities. Though in the result of the world
    economic crisis, an unfavourable condition to a certain extent was
    created, without "Base Metals" the main tax-payer company, in the
    second half of 2008, the private tax revenues increased by 50 percent
    on the part of the other tax-payers. The total economic growth in the
    Republic formed more than 14 percent. This index must be retained in
    2009 as well,- the Prime Minister asserted. It was simultaneously
    underlined that it is necessary to considerably raise the GDP in the
    forthcoming year and to equalize it to the level of Armenia.
    A.Haroytyunyan reported that a commission occupied with anti-crisis
    problems, with the Prime Minister at the head will be created.

    According to the presentation by the Head of the Government certain
    steps to reduce and prevent the consequences of the financial and
    economic crisis have been already taken. Particularly, changes with
    this aim were implemented in the tax legislation.

    The Prime Minister touched upon other undertakings and attitudes of the
    Government due to which the outlined social and economic programmes
    will be possible to implement in 2009.
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