Deputy Chairman of Parliamentary Commission said RA budget sequester is possible

PanARMENIAN.Net - Armenian authorities plan reduction of 2009 state budget expenditures, Deputy Chairman of Standing Parliamentary Commission for Economy Issues Vardan Bostandgyan .



According to him, though unpleasant, the issue of budget reduction can't be avoided. ''Whatever we call it- budget revision, budget expenditures' transfer to the last quarter of the year - all of this spells budget reduction,'' Bostandgyan noted, adding that, nevertheless, social expenditures won't be cut.



In recent months state budget expenditures reduction issue was repeatedly raised. Still, many specialists we confident that authorities do not plan the reduction.

Also, RA President Serzh Sargsyan stressed during his Sunik visit that timely payment of salaries, pensions and social security allowances is one of the most important tasks of RA Government.