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    Emil Lazarian
  • 17 years ago
    • Categories: News

Armenia’s Foreign State Debts To Make Up AMD 3.5 Billion By The End

ARMENIA’S FOREIGN STATE DEBTS TO MAKE UP AMD 3.5 BILLION BY THE END OF 2010

PanARMENIAN.Net
10.11.2009 13:36 GMT+04:00

/PanARMENIAN.Net/ By the end of 2010, Armenia’s foreign state debts
will make up AMD 3 billion, Gagik Minasyan, Chair of NA Committee on
Financial-Budgetary Affairs, told today a news conference in Yerevan.

In that connection he said that Armenia’s 2009 foreign state debts
comprise AMD 3 billion instead of the AMD 1.5 billion registered last
year and is expected to increase to AMD 3.5 billion by the end of 2010.

With regard to GDP – foreign debt ratio, Head of parliamentary
committee said it will make up 31% by the end of 2009 instead of the
13% registered last year and will increase to 41% in 2010.

Maximum ratio, in accordance with international norms, should not
exceed 50% barrier, Minasyan added.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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