Armenia’s state budget 2009 heralds stable economic growth: minister
04.11.2008,
19:30
Armenia’s state budget 2009 will become a budget of stable growth, RA Ministry of Finance Tigran Davtyan told Monday the students and professors of Armenia’s State University of Economics.
YEREVAN, November 4. /ARKA/. Armenia’s state budget 2009 will become a budget of stable growth, RA Ministry of Finance Tigran Davtyan told Monday the students and professors of Armenia’s State University of Economics.
“The budget will ensure long-term stable economic growth,” the minister added.
A number of strategic documents, including the government’s five-year expenditure program and the mid-term expenditure program, as well as macroeconomic forecasts, form the basis for the state budget, according to Davtyan.
“The mid-term government program makes our task easier,” the minister said.
Davtyan stressed the importance of the Poverty Reduction Program, saying the stabile development program which will be effective until 2021.
The minister told the students next year’s budget almost reaches 1 trillion drams, adding the budget receipts and expenditures will total 905.4bln drams and 945.4bln drams respectively, with the deficit amounting to 40bln drams.
According the budget 2009 draft, receipts and expenditures will total 927bln drams and 967bln drams, with 40bln drams worth deficit.
The exchange rate of Armenian Dram (AMD) is set at AMD 302.4 per $1.
Armenia’s GDP will rise 9.2% (10% in 2008) to 4 trillions in 2009 with 4% (±1.5%) targeted inflation. GDP per capita will reach $4,200, compared to $4,000 in 2008. –0--
“The budget will ensure long-term stable economic growth,” the minister added.
A number of strategic documents, including the government’s five-year expenditure program and the mid-term expenditure program, as well as macroeconomic forecasts, form the basis for the state budget, according to Davtyan.
“The mid-term government program makes our task easier,” the minister said.
Davtyan stressed the importance of the Poverty Reduction Program, saying the stabile development program which will be effective until 2021.
The minister told the students next year’s budget almost reaches 1 trillion drams, adding the budget receipts and expenditures will total 905.4bln drams and 945.4bln drams respectively, with the deficit amounting to 40bln drams.
According the budget 2009 draft, receipts and expenditures will total 927bln drams and 967bln drams, with 40bln drams worth deficit.
The exchange rate of Armenian Dram (AMD) is set at AMD 302.4 per $1.
Armenia’s GDP will rise 9.2% (10% in 2008) to 4 trillions in 2009 with 4% (±1.5%) targeted inflation. GDP per capita will reach $4,200, compared to $4,000 in 2008. –0--
