October 28, 2010 - 16:04 AMT
RA government increases 2010 state budget expenditures by AMD 8bln

During the October 28 sitting, the Armenian government decided to increase the 2010 state budget expenditures by AMD 8bln, which will be directed for the repayment of overpaid VAT to exporters.

Armenian Prime Minister Tigran Sargsyan said that the amount envisaged to this end makes AMD 18bln, which is not enough, as export grew by 43% compared to last year.

According to forecasts, the amount of returnable VAT will make AMD 26bln by the end of the year, due to which additional AMD 8bln will be allocated.