RA budgeted deficit not to exceed 7.5%
Budgeted deficit not to exceed 7.5% in Armenia, according to IMF forecast.
"Six months ago the Armenian government was concerned over the deficit index, since the volume of tax flows has considerably reduced. This led to arrears in wage and pension payment," said Ms. Nienke Oomes, IMF Resident Representative in Armenia.
"Nevertheless, successful talks between the Armenian government and international structures allowed financing budgeted deficit in 2009. At that, IMF will allocate $155 million, World Bank - $60 million and ADB - $80 million," she said.
"Six months ago the Armenian government was concerned over the deficit index, since the volume of tax flows has considerably reduced. This led to arrears in wage and pension payment," said Ms. Nienke Oomes, IMF Resident Representative in Armenia.
"Nevertheless, successful talks between the Armenian government and international structures allowed financing budgeted deficit in 2009. At that, IMF will allocate $155 million, World Bank - $60 million and ADB - $80 million," she said.
