Yesterday the NA started to discuss the draft budget of 2009. The budget 2009 will exceed 3 billion USD and the profit line will make 905 billion AMD and the expenditure line will make 345 billion AMD. Next year the budget will have a 40 billion AMD deficit. Yesterday the minister of finances Tigran Davtyan best explained what this 3 billion USD means. “The expenditures of 2009 are more pro-miserable,” he said. Maybe you agree that for a country, which had a dual-digit growth for 7 years in a row there couldn’t be a better description of the budget.
