June 30, 2010 - 14:42 AMT
Vardan Bostanjyan: there is nothing reprehensible in international loans usage

Commenting on two loan agreements approved by the International Monetary Fund for Armenia, Member of Prosperous Armenia parliamentary group, Vice Chairman of the NA Committee on Economic Affairs Vardan Bostanjyan said that Armenia has little financial opportunities, so it’s natural that major projects are implemented at the expense of international loans, what is a dynamic process.

According to him, as per the law, the budgeted deficit should not exceed 7.5%.

"There is nothing reprehensible in usage ofinternational loans," Bostanjyan concluded.