{"id":3874,"date":"2009-11-13T15:20:20","date_gmt":"2009-11-13T15:20:20","guid":{"rendered":"https:\/\/armbanks.am\/2009\/11\/13\/230117\/"},"modified":"2024-12-30T09:26:41","modified_gmt":"2024-12-30T09:26:41","slug":"government-of-armenia-should-not-reduce-expenses-during-crisis-imf","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2009\/11\/13\/3874\/","title":{"rendered":"Government of Armenia should not reduce expenses during crisis \u2013 IMF"},"content":{"rendered":"<p><strong>YEREVAN, November 13. \/ARKA\/.<\/strong> Government of Armenia should maintain expenses and even increase them for stimulation of economy growth during crisis\u201d, said Nienke Oomes, Permanent representative of IMF in Armenia during the press-conference on Thursday.<\/p>\n<p>\u201cIMF considers that it is a right policy to take credits and spend them on the growth of economy\u201d, she said. From $150 million provided by IMF in 2009, Government of Armenia allocated monetary means for replenishment of budget deficit.<\/p>\n<p>It is new for IMF as the resources of the Fund are not envisaged for funding of certain projects or investments and serve for replenishment of currency reserves of the country.<\/p>\n<p>\u201cTaking into account world economic crisis, we allow some countries, including Armenia to use a part of credit means for the expenses of the government\u201d, said Oomes. The government planned to reduce some budget expenses but IMF considered that it is a bad idea during economic crisis.<\/p>\n<p>If the government performs liabilities of IMF on the improvement of the situation in Armenia, in 2010 IMF will allow to use another $150 million from expenses allocated by IMF. Oomes said that during 9 months of 2009 compared with the same period of last year, state expenses were reduced by 13%, tax entries by 17% (compared with the same period of 2008).<\/p>\n<p>During 9 months of 2009, current expenses of the government increased by 11.6%, capital expenses by 22.6%. According to the decision of Executive Board of IMF adopted in June 2009, financial support of IMF to Armenia increased by $540 million up to $820 million, $480 of which are already transferred to Armenia. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government of Armenia should maintain expenses and even increase them for stimulation of economy growth during crisis\u201d, said Nienke Oomes, Permanent representative of IMF in Armenia during the press-conference on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-3874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/3874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=3874"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/3874\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=3874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=3874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=3874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}