YEREVAN, December 30, /ARKA/. Armenian prime minister Tigran Sarkisian said today the Central Bank’s Stabilization Fund has 46 billion Drams. Speaking at the last government session this year he said the government budget was executed fully in the outgoing year.
He said also more taxes were collected than projected and some funds earmarked for spending were saved to narrow the budget gap that may drop to 30 billion Drams at the end of the year. He said the accumulated reserves will create a favorable environment for gradual implementation of next year’s spending.
The government projects to collect this year 742 billion Drams in revenues and spend as much as 935.5 billion Drams. The projected deficit is 193.4 billion Drams. -0
