Armenian prime minister considers it early to make radical<br /> changes in budget<br />


Armenian prime minister considers it early to make radical
changes in budget

  • 05-03-2009 22:00:00   | Armenia  |  Economy
YEREVAN, MARCH 5, NOYAN TAPAN. It is too early to speak about radical changes in the budget of Armenia, prime minister Tigran Sargsyan said on March 5, when a reporter asked him if the budget will be recalculated because of the global financial and economic crisis. He explained that the budget's flexibility allows redistributing the expenditures by quarters, not making some expenditures in the first quarters and deferring them to the 4th quarter. In his words, if events develop by a more optimistic scenario, there will no need for revision, while in case of a pessimistic scenario, the government will address budgetary problems.
  -   Economy