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ARMENIA'S BUDGET CAN NO LONGER FUND FOREIGN BUSINESS TRIPS
news.am
October 17, 2012 | 10:36
YEREVAN. - The entire amount, which Armenia's state budget had
envisioned to pay for this year's business trips abroad, has already
been spent as of October 8, the Finance Ministry bulletin submitted
to the Government reports. In addition, the Government Reserve Fund
is used up.
The agenda of Thursday's Cabinet session includes a decision whereby
an additional AMD 100 million and AMD 12.1 billion will be allocated
for foreign business trips and to the Reserve Fund respectively.
To note, an annual amount of close to AMD 3.5 billion is allocated
from Armenia's state budget for official business trips, and the
majority of that amount is spent on the business trips abroad.
The Government Reserve Fund, on the other hand, shall not exceed five
percent of the budget spending, and this constitutes approximately
AMD 52 billion for 2012.
In line with the current exchange rate, US$ 1 is equivalent to
approximately AMD 408.
news.am
October 17, 2012 | 10:36
YEREVAN. - The entire amount, which Armenia's state budget had
envisioned to pay for this year's business trips abroad, has already
been spent as of October 8, the Finance Ministry bulletin submitted
to the Government reports. In addition, the Government Reserve Fund
is used up.
The agenda of Thursday's Cabinet session includes a decision whereby
an additional AMD 100 million and AMD 12.1 billion will be allocated
for foreign business trips and to the Reserve Fund respectively.
To note, an annual amount of close to AMD 3.5 billion is allocated
from Armenia's state budget for official business trips, and the
majority of that amount is spent on the business trips abroad.
The Government Reserve Fund, on the other hand, shall not exceed five
percent of the budget spending, and this constitutes approximately
AMD 52 billion for 2012.
In line with the current exchange rate, US$ 1 is equivalent to
approximately AMD 408.