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ARMENIAN GOVERNMENT WILL TAKE EVERY EFFORT TO MANAGE THE STATE DEBT
PanARMENIAN.Net
November 15, 2011 - 17:41 AMT
PanARMENIAN.Net - To secure economic stability in Armenia, 2012 budget
deficit will be cut by 3%, Armenian Prime Minister said.
"We focus on the problem of internal and external debt burden to manage
the budget debt and to prevent it from hindering our sustainable
development," Tigran Sargsyan stressed when presenting 2012 draft
state budget.
According to the Prime Minister, 2012 envisages improvement of tax
ratio/GDP against AMD 101 bln of 2011. In this context, Mr. Sargsyan
stressed the importance of the aforesaid to withstand the existing
challenges in 2012.
With the purpose of income redistribution in 2012, Armenian government
plans to increase social expenditures with 100.000 families to get
social security benefits of 10 %, over 500.000 retirees to get 20 %
increase in pension rate.
From: Baghdasarian
PanARMENIAN.Net
November 15, 2011 - 17:41 AMT
PanARMENIAN.Net - To secure economic stability in Armenia, 2012 budget
deficit will be cut by 3%, Armenian Prime Minister said.
"We focus on the problem of internal and external debt burden to manage
the budget debt and to prevent it from hindering our sustainable
development," Tigran Sargsyan stressed when presenting 2012 draft
state budget.
According to the Prime Minister, 2012 envisages improvement of tax
ratio/GDP against AMD 101 bln of 2011. In this context, Mr. Sargsyan
stressed the importance of the aforesaid to withstand the existing
challenges in 2012.
With the purpose of income redistribution in 2012, Armenian government
plans to increase social expenditures with 100.000 families to get
social security benefits of 10 %, over 500.000 retirees to get 20 %
increase in pension rate.
From: Baghdasarian