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MP Says Parliamentary Majority To Back Draft 2009 Budget, But Opposi

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  • MP Says Parliamentary Majority To Back Draft 2009 Budget, But Opposi

    MP SAYS PARLIAMENTARY MAJORITY TO BACK DRAFT 2009 BUDGET, BUT OPPOSITION TO ABSTAIN FROM VOTING

    ARKA
    Nov 14, 2008

    YEREVAN, November 14. /ARKA/. Armenia's parliamentary majority is
    likely to back the draft 2009 budget, but the Heritage (Zharangutyun)
    opposition party will abstain from voting, said Larisa Alaverdyan,
    Heritage member.

    According to the MP, it is dubious whether the proposals made by the
    party during the parliamentary discussions on the draft budget have
    been accepted.

    "We will make a final decision after the first reading," Alaverdyan
    said.

    Heghine Bisharyan from the Orinats Yerkir (State of Law) coalition
    party said the parliament had put off the draft 2009 budget discussions
    for four days to give MPs time to make proposals.

    The MP expressed hope that the parliamentary faction would be able
    to settle all issues on the state budget 2009.

    According to Leader of the Armenian Revolutionary federation
    Dashnaktsutiun (ARF-D) Vahan Hovhannisyan, their party has not made
    a final decision yet.

    He said each faction has its own attitude to the issue.

    The Republican Party of Armenia and Prosperous Armenia (Bargavatch
    Hayastan) Party said they would vote for the draft budget.

    The parliament launched Wednesday discussions on the sate budget.

    Armenia's 2009 budget receipts and expenditures are set at 905.4bln
    drams and 945.4bln drams respectively, with the deficit totaling
    40bln drams.

    GDP (gross domestic product) is likely to grow 9.2%, with inflation
    target being 4% (± 1.5%). The exchange rate of the Armenian dram
    (AMD) is set at AMD 302.4 per $1.

    --Boundary_(ID_Q928E8fCX/5om/gNkqkdJA)--
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