Ministry of finance: Budget deficit in 2010 will be lower than in 2009
The ministry of finance takes measures to restore the state budget deficit to the level of 3 per cent to GDP, minister of finance of Armenia Tigran Davtyan told a press conference in Yerevan today.
"This year the deficit is projected to reach 7.5 per cent to GDP, and we must try not to exceed this limit," he said.
Tigran Davtyan also informed that in 2010 the ministry projects to bring the budget deficit level to 5.7 per cent of GDP. He added that the budget deficit in 2010 will be certainly lower than in 2009.
"This year the deficit is projected to reach 7.5 per cent to GDP, and we must try not to exceed this limit," he said.
Tigran Davtyan also informed that in 2010 the ministry projects to bring the budget deficit level to 5.7 per cent of GDP. He added that the budget deficit in 2010 will be certainly lower than in 2009.
