ARKA News Agency, Armenia
Dec 5 2007
Armenia’s president approves law on state budget 2008
YEREVAN, December 5. /ARKA/. RA President Robert Kocharian has
approved amendments to the law on the RA State Budget 2008, the
President’s Press Service reports.
The RA Parliament adopted the law on the Sate Budget on November 28,
2007. The budget receipts and expenditures total AMD 746bln and AMD
822bln respectively. The deficit amounts AMD 76bln. As a result, the
share of taxes in the GDP (gross domestic product) will be 17%.
In 2008, the share of taxes and duties in the budget receipts will be
79.9%. The official currency exchange rates are set AMD 325.16 per $1
and AMD 469.76 per EUR 1. -0–