  Ministry of finance: Budget deficit in 2010 will be lower than in 2009October 28, 2009 - 17:34 AMT PanARMENIAN.Net - The ministry of finance takes measures to restore the state budget deficit to the level of 3 per cent to GDP, minister of finance of Armenia Tigran Davtyan told a press conference in Yerevan today. "This year the deficit is projected to reach 7.5 per cent to GDP, and we must try not to exceed this limit," he said. Tigran Davtyan also informed that in 2010 the ministry projects to bring the budget deficit level to 5.7 per cent of GDP. He added that the budget deficit in 2010 will be certainly lower than in 2009.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
