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THE PRIME MINISTER PREPARES GROUND FOR EFFICIENT WORK

Economy

RA Prime Minister Andranik Margaryan promised to confirm a budget which will allow the Prime Minister, be it him or someone else, to work efficiently next year. After the 2007 Parliamentary elections a new Government will be formed, and as Andranik Margaryan is not sure about the results of the NA elections, he can't say if he will be Prime Minister again or not.

Today the Prime Minister represented the draft budget. NA Standing Committees started the discussions of the 2007 state budget; they will last two weeks. According to the draft, the income is supposed to be 489.5 billion AMD, the expenses are supposed to be about 557.8 billion AMD, and the deficit will be about 68.3 million AMD. The draft budget calculates one USD as equal to 357 AMD.

The Government will improve the tax and customs legislation. As a result of the reforms about 50 billion AMD will be gathered. The Government hopes that import will grow by 13.5%, and export – by 16%.