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40.3 Billion Drams Allocated To Transport And Communication Sector U

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  • 40.3 Billion Drams Allocated To Transport And Communication Sector U

    40.3 BILLION DRAMS ALLOCATED TO TRANSPORT AND COMMUNICATION SECTOR UNDER 2010 DRAFT STATE BUDGET OF ARMENIA

    Noyan Tapan
    Nov 9, 2009

    YEREVAN, NOVEMBER 9, NOYAN TAPAN. Under the 2010 draft state budget of
    Armenia, it is envisaged allocating 40.3 billion drams to transport
    and communication sector (including the projects implemented with
    loans and grants from foreign sources) which is less by 5.3bn drams
    compared to the actual sum expected for 2009. 25bn drams of the
    indicated sum are funds from foreign sources, which exceeds the
    actual index expected for 2009 by 5.9bn drams. Expenditures in the
    amount of remaining 15bn drams will be incurred from domestic sources,
    First Deputy Minister of Finance Pavel Safarian said at the November
    6 joint sitting of the National Assemly Standing Committees.

    The 2010 draft state budget was calculated based on the settlement
    exchange rate of 376 drams per dollar.
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