YEREVAN, OCTOBER 30, NOYAN TAPAN. According to the RA draft state budget, it is envisaged to allocate nearly 660m drams and 717m drams (nearly 2.2m USD), respectively, to the Central Electoral Commission for holding presidential and local self-government elections in 2008. Financing from then state budget for holding presidential elections is envisaged to the amount of one tour's expenditures. In case of a necessity to hold a second tour additional financing will be made from RA government's reserve fund. It should be mentioned that the financing of the 2008 presidential elections has grown as compared with the 2003 elections, which is mainly conditioned by the requirement to hold votings with envelopes in Armenia as a result of the amendments made to the Electoral Code, as well as by introduction and operation of a common computer network connecting district electoral commissions functioning in the regions with the Central Electoral Commission.

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