RA budgeted deficit not to exceed 7.5%September 9, 2009 - 14:36 AMT PanARMENIAN.Net - 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. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |