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FAVOURABLE CONDITIONS CREATED FOR 2005 BUDGET IMPLEMENTATION

Economy

Armenian Central Bank governor Tigran Sargssyan said favourable risk-lessening environment was created for the 2005 budget implementation.

“As a rule, we are taking into account previous experience while gauging the possibility of a risk”, he said.

“Deficit is one of the key aspects of a budget. We know from our experience that the planned expenses are never being made fully. That’s why the actual deficit is smaller than it has been mentioned in the budget”, Tigran Sargssyan said.