Government decides to curb budget expendituresMarch 12, 2009 - 20:41 AMT PanARMENIAN.Net - At Monday meeting the government of Armenia came up with the decision to cut down on the budget expenditures. "We need to use the State resources sparingly and to carry out the expenditure commensurate with our revenue. We must be ready for the worst scenario to come, said Tigran Sargsyan, Armenia's Prime Minister. The uncertainty of the situation is too big and under the current situation Armenia will move to a quarterly budget planning.The head of the Government said that the following items regarding the economy are protected, namely social expenses, pension expenses, allowances, salaries, defense expenses; the rest of the expenses will be carried in the regime of rigid economy. Since the world crisis is developing by a no good scenario, and the forecasts by WB and IMF have been reviewed four times for the last month. That is why need to work more efficiently, be prompt to spend as much as we can get from taxes," said the Prime Minister. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |