ARMENIA APPROVES 2008 BUDGET
Russia & CIS Business and Financial Newswire
November 28, 2007 Wednesday 2:06 PM MSK
The Armenian National Assembly on Wednesday approved the country’s
2008 budget law, an Interfax correspondent reported from the assembly
meeting.
Revenue is forecast at 746 billion dram ($2.29 billion based on 325
dram/$1), spending at 822 billion ($2.53 billion), and the deficit
at 76 billion ($233 million), or 9.2% of spending.
The official exchange rate on November 27 stood at 304.33 dram/$1.
From: Emil Lazarian | Ararat NewsPress
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