The Parliament of the Nagorno-Karabakh Republic (NKR) has finished discussing the 2010 draft budget. The document has been approved by the parliamentary commissions and factions.

According to the Homeland faction, the 2010 draft budget is a balanced one. The head of the faction Artur Tovmasyan said that, despite the global economic crisis, the NKR Government as able to execute the 2009 state budget with credit and ensure 13% economic growth in the country. The Democracy, Armenian Revolutionary Federation (ARF) and Movement-88 factions approved of the draft budget as well.

The draft budget, as well as the Parliament members’ proposals, has been submitted to the Government. A revised draft will be submitted to the NKR Parliament on December 23.

NKR Parliament’s 2010 budget is 198.606m AMD – 9m AMD less than last year. The NKR’s budgeted revenues are 55,205,842,000 AMD, expenditures 58,846,207,500 AMD, deficit 3,640,365,500 AMD.

The 2010 budget of the NKR Presidential Staff is 262,826,000 AMD – 6,500,000 AMD less than this year.

The 2010 budget of the NKR Government Staff is 262,052,000 AMD – 15m AMD less than this year.

T. P.