REVENUES OF 2009 STATE BUDGET TO EXCEED 2008 INDEX BY SUM
EQUIVALENT TO 500 MILLION DOLLARS
23-10-2008 18:00:00 | Armenia | Economy
YEREVAN, OCTOBER 23, NOYAN TAPAN. By the bill on the 2009
state budget, the budgetary revenues will make 905 billion drams
(over 2 bln 938 mln dollars), which exceeds the 2008 index by a
sum in Armenian drams equivalent to 500 million dollars. The
budgetary expenditures are envisaged to make 946 billion drams,
member of the parliamentary "Prosperous Armenia Party" (PAP)
faction Vardan Bostanjian stated at the October 23 press
conference.
According to him, the budget's deficit is declining year by
year. For example, in 2007 it amounted to 76 billion drams, in
2008 - 40 billion drams. V. Bostanjian said 30.5 bln drams of
the 2009 deficit will be covered at the expense of domestic
sources and only 9.5 bln drams - at the expense of foreign
sources. The deficit will make up 1% of GDP.
V. Bostanjian expressed an opinion that the 2009 draft
state budget reflects the program goals of the government
activities. As regards the ambitions to become regional
financial, business and other centers, it is envisaged
implementing such programs by 2012 inclusive.