Armenian foreign ministry to get 4.6 billion drams to maintain embassies and other diplomatic missions abroad in 2010
06.11.2009,
15:16
First deputy finance minister Pavel Safarian said today the Armenian foreign ministry will get 4.6 billion Drams next year to maintain Armenian embassies and other diplomatic missions abroad.
YEREVAN, November 5, /ARKA/. First deputy finance minister Pavel Safarian said today the Armenian foreign ministry will get 4.6 billion Drams next year to maintain Armenian embassies and other diplomatic missions abroad.
Speaking at another parliamentary hearing today on next year’s budget Pavel Safarian said the ministry will get as much for the maintenance of embassies and missions as it received this year.
He said there are some calculation problems caused by the depreciating Armenian national currency Dram, because the funds need to be converted into US Dollars and Euros.
Pavel Safarian said the ministries of finance and foreign affairs are having special consultations to determine the best calculation rate so that the changing exchange rate of Dram does not affect the operation of embassies and diplomatic missions.
According to the 2010 draft budget, the government plans to collect 676. 6 billion Drams of revenues, down from 772 billion projected for 2009. It also plans to spend 859.6 billion drams, of which 85.7% will be current expenditures. Tax revenues for 2010 are projected at 533 billion Drams, up from 510 billion, projected for 2009. M.M. -0-
Speaking at another parliamentary hearing today on next year’s budget Pavel Safarian said the ministry will get as much for the maintenance of embassies and missions as it received this year.
He said there are some calculation problems caused by the depreciating Armenian national currency Dram, because the funds need to be converted into US Dollars and Euros.
Pavel Safarian said the ministries of finance and foreign affairs are having special consultations to determine the best calculation rate so that the changing exchange rate of Dram does not affect the operation of embassies and diplomatic missions.
According to the 2010 draft budget, the government plans to collect 676. 6 billion Drams of revenues, down from 772 billion projected for 2009. It also plans to spend 859.6 billion drams, of which 85.7% will be current expenditures. Tax revenues for 2010 are projected at 533 billion Drams, up from 510 billion, projected for 2009. M.M. -0-
