ARMENIAN CURRENCY RATE RAISES, BUT THE BUDGET HAS LOSSES
Support A1+!During 4 months the Armenian state budget has suffered a loss of 710 million drams. After that the Government has decided to introduce changes in the RA Law on Confirmed taxes of tobacco products. «If the project is not adopted, in case of the Armenian currency rate preserving for the coming months, the loss of the budet for every month will be 450 drams», announced Finance and Economy Minister Tigran Khacahtryan today.
The problem is that the fees for tobacco products are taken by drams, and the Government offers to change the law and to calculate 500 drams for $1. The Government does this to prevent possible over-profit.
Arthur Baghdasaryan asked Tigran Khacahtryan as a specialist how long the unstable currency state will continue. Tigran Khachatryan answered that he cannot tell as it depends on the policy of the American Government, the international prices of the goods imported into Armenia, and National transferts. According to him, even the international oranizations cannot foresee things.
