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Reconsideration of expenditures instead of budget reduction

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  • Reconsideration of expenditures instead of budget reduction

    Reconsideration of expenditures instead of budget reduction
    12.03.2009 15:09

    Hasmik Dilanyan
    `Radiolur'

    During today's sitting of the Government, Minister of Economy Nerses
    Yeritsyan came forth with a proposal to reconsider the expenses instead
    of reducing the budget. Heads of agencies have five days to reconsider
    their expenditures.

    Prime Minister Tigran Sargsyan underlined that It is necessary to shift
    to a saving regime, reveal the internal resources and save the state
    means, spending them in accordance with revenues.

    `The GDP indices we had in January have abruptly worsened. It means we
    have to be ready for the worst scenario. There is too much uncertainty
    today. No one can say how the events will develop,' the Prime minister
    noted.
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