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It Is Envisaged Allowing Government To Exceed 3% Limit Of Interprogr

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  • It Is Envisaged Allowing Government To Exceed 3% Limit Of Interprogr

    IT IS ENVISAGED ALLOWING GOVERNMENT TO EXCEED 3% LIMIT OF INTERPROGRAM REDISTRIBUTIONS

    Noyan Tapan
    Oct 6, 2009

    YEREVAN, OCTOBER 6, NOYAN TAPAN. The RA National Assembly on October
    6 passed in the first reading the previously discussed bill on
    approval of the 3-year program on state statistical work in the RA in
    2010-2012. The bills on amendments and additions to a number of laws
    were adopted, including the amendment (passed in the first reading)
    to the Law on the 2009 State Budget of the RA, which proposes allowing
    the government to exceed in the given budget year the 3% maxiumum
    amount of interprogram redistributions in 2009 under the Law on the
    Budget System of the RA.

    The main speaker, RA Deputy Minister of Finance Pavel Safarian
    said that in order to boost the economy this year under conditions
    of the global financial crisis, target credit and grant resources
    not reflected in the 2009 budget have been attracted. The ratified
    agreements on allocation of credits envisage state co-financing,
    whereas such an amount of co-financing was not envisaged in the
    state budget.

    The parliament also ratified the 2009-2012 Program on Cooperation in
    Science and Education between the Governments of Armenia and Bulgaria,
    which was signed in Yerevan on 22 April 2009.
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