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The Government Are Searching Ways for Paying Off the Public Debts
http://karabakh-open.info/en/societyen/2559-en532
Saturday, 01 December 2012 15:47
At the NKR government session of November 27 the State Budget draft
2013 was confirmed. In approximate figures the incomes and expenses
form 70 mlrd and 71 mlrd drams respectively. This year the state
deficit is only 756 mln drams. Finances allocated to different spheres
will increase only to a slightest degree. When planning its expenses
the government seems to have determined to limit itself to what it has
and not to incur in more debts as it did during the previous years.
As Prime Minister Ara Haroutyunyan explained they decided not to
accumulate the public debts and work in the direction of reducing the
budget deficit. The state budget of the new year was greatly
influenced by the changes in the mining industry.
In connection with the consumption of the resources of Drmbon mine the
greatest taxpayer «Base Metals» CJSC's transfer to the state budget
will be by 3,5 mlrd drams less as compared to 2010. In the coming year
new mines will be exploited, but the predicted incomes are not a sound
reason for planning expenses by way adding the public debts, Ara
Haroutyunyan explained during the recently held government session.
According to the Prime Minister the government are searching ways for
paying off the debts, as a result, new financial sources for the state
expenses must be determined. Prime Minister Ara Haroutyunyan explained
that lending the banking capital as it was done during the previous
years is not beneficial because of high interest rates. It can be
supposed that the search for a new financial source will make them
apply to organizations offering lower interests.
From: Baghdasarian
http://karabakh-open.info/en/societyen/2559-en532
Saturday, 01 December 2012 15:47
At the NKR government session of November 27 the State Budget draft
2013 was confirmed. In approximate figures the incomes and expenses
form 70 mlrd and 71 mlrd drams respectively. This year the state
deficit is only 756 mln drams. Finances allocated to different spheres
will increase only to a slightest degree. When planning its expenses
the government seems to have determined to limit itself to what it has
and not to incur in more debts as it did during the previous years.
As Prime Minister Ara Haroutyunyan explained they decided not to
accumulate the public debts and work in the direction of reducing the
budget deficit. The state budget of the new year was greatly
influenced by the changes in the mining industry.
In connection with the consumption of the resources of Drmbon mine the
greatest taxpayer «Base Metals» CJSC's transfer to the state budget
will be by 3,5 mlrd drams less as compared to 2010. In the coming year
new mines will be exploited, but the predicted incomes are not a sound
reason for planning expenses by way adding the public debts, Ara
Haroutyunyan explained during the recently held government session.
According to the Prime Minister the government are searching ways for
paying off the debts, as a result, new financial sources for the state
expenses must be determined. Prime Minister Ara Haroutyunyan explained
that lending the banking capital as it was done during the previous
years is not beneficial because of high interest rates. It can be
supposed that the search for a new financial source will make them
apply to organizations offering lower interests.
From: Baghdasarian