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Final draft budget for 2010 discussed in Armenian Parliament
10.12.2009 16:18 GMT+04:00
/PanARMENIAN.Net/ Defense spending for 2010 has been increased by AMD
19.4 billion, as compared with the original version and amount to AMD
131 billion, the Armenian Minister of Finance Tigran Davtyan said
presenting the draft state budget in Parliament approved by the
Government. In addition, according to finance minister, the financial
assistance to Nagorno-Karabakh has been also increased by AMD 2
billion in the updated draft budget compared with the original
version.
Tigran Davtyan also informed, that a large proportion of EU grant
funds (100 million euro) will be directed to rebuilding of schools in
the regions of Armenia.
According to the updated draft budget for 2010, the total Armenian
state budget revenues will amount to AMD 742 billion instead of
previously projected AMD 676 billion, which will help to increase
total revenue by AMD 65 billion. The expenditure part of the budget
will be increased by AMD 75 billion, and reach AMD 935 billion,
instead of the previously projected AMD 859 billion. The state budget
deficit in 2010 will amount to AMD 193 billion, or 6 per cent of GDP.
1.2 per cent of economic growth is projected for 2010.
10.12.2009 16:18 GMT+04:00
/PanARMENIAN.Net/ Defense spending for 2010 has been increased by AMD
19.4 billion, as compared with the original version and amount to AMD
131 billion, the Armenian Minister of Finance Tigran Davtyan said
presenting the draft state budget in Parliament approved by the
Government. In addition, according to finance minister, the financial
assistance to Nagorno-Karabakh has been also increased by AMD 2
billion in the updated draft budget compared with the original
version.
Tigran Davtyan also informed, that a large proportion of EU grant
funds (100 million euro) will be directed to rebuilding of schools in
the regions of Armenia.
According to the updated draft budget for 2010, the total Armenian
state budget revenues will amount to AMD 742 billion instead of
previously projected AMD 676 billion, which will help to increase
total revenue by AMD 65 billion. The expenditure part of the budget
will be increased by AMD 75 billion, and reach AMD 935 billion,
instead of the previously projected AMD 859 billion. The state budget
deficit in 2010 will amount to AMD 193 billion, or 6 per cent of GDP.
1.2 per cent of economic growth is projected for 2010.