Armenian government has reliable instruments for controlling risks in 2010
11.12.2009,
22:29
Armenian government has reliable instruments for controlling risks in 2010, Prime Minister Tigran Sargsyan said Thursday in National Assembly.
YEREVAN, December 11. /ARKA/. Armenian government has reliable instruments for controlling risks in 2010, Prime Minister Tigran Sargsyan said Thursday in National Assembly.
Armenian parliament passed the 2010 state budget bill on Thursday.
Under the state budget, the revenue will amount to AMD 935.5 billon and expenses will total AMD 193.4 billion in 2010.
The 2010 state budget deficit is planned at AMD 193.4 billion, economic growth at 1.2% and inflation 4±1.5%.
The premier said that the state budget contains some risks.
He said that the government has created a stabilization fund at the central bank for controlling these risks.
This fund has been made up of the remaining account balance and the EU-pledged extra €100 million.
“It means we have reliable instruments for controlling risks in 2010, and this inspires hope that we’ll be able to overcome challenges of 2010,” Sargsyan said.
He stressed that lawmakers’ proposals that haven’t been included in the state budget will be within the government’s focus and some of them will be discussed. “Despite the parliament gave us permission not to ground state budget expenses on a mid-term program, we took into account its key proportions in composing the budget. In this connection, all the members of the government have been instructed to work out a mid-term program, taking into account the current situation.”
Sargsyan said that in discussions, legislators showed special interest in defense financing, financing assistance for Karabakh, compensations on deposits in Savings Bank and spending of out-of-budget funds.
“I want to say that the defense ministry and Karabakh will have their financing enlarged in 2010, compared with 2009,” he said. “The funds intended for compensation on deposits have been enlarged as well.”
What for the spending of out-of-budget funds, the premier said that the government will spend them reasonably trying not to leave ground for any doubt. -0-
Armenian parliament passed the 2010 state budget bill on Thursday.
Under the state budget, the revenue will amount to AMD 935.5 billon and expenses will total AMD 193.4 billion in 2010.
The 2010 state budget deficit is planned at AMD 193.4 billion, economic growth at 1.2% and inflation 4±1.5%.
The premier said that the state budget contains some risks.
He said that the government has created a stabilization fund at the central bank for controlling these risks.
This fund has been made up of the remaining account balance and the EU-pledged extra €100 million.
“It means we have reliable instruments for controlling risks in 2010, and this inspires hope that we’ll be able to overcome challenges of 2010,” Sargsyan said.
He stressed that lawmakers’ proposals that haven’t been included in the state budget will be within the government’s focus and some of them will be discussed. “Despite the parliament gave us permission not to ground state budget expenses on a mid-term program, we took into account its key proportions in composing the budget. In this connection, all the members of the government have been instructed to work out a mid-term program, taking into account the current situation.”
Sargsyan said that in discussions, legislators showed special interest in defense financing, financing assistance for Karabakh, compensations on deposits in Savings Bank and spending of out-of-budget funds.
“I want to say that the defense ministry and Karabakh will have their financing enlarged in 2010, compared with 2009,” he said. “The funds intended for compensation on deposits have been enlarged as well.”
What for the spending of out-of-budget funds, the premier said that the government will spend them reasonably trying not to leave ground for any doubt. -0-
