Government will initiate the parliamentary budget follow up in two cases, RA Deputy Finance Minister Vardan Aramyan told NEWS.am.

“First case — if GDP /deficit rate exceeds 7.5%, having this index fixed by law, and second case — we have the right to introduce budget changes of up to 10% and if the limit needs to be exceeded, Government would be forced to propose a new draft budget,” Aramyan said. Currently, that 10% makes AMD 90bln.

As to the journalist’s statement that Government plans to balance with 12-15% deficit whereas budget projects 9% growth, Aramyan replied: “We have repeatedly stated that 9% economic growth is impossible under the current conditions. It is immature to speak of growth under 12-15% decline.”

Commenting on budget implementation, Deputy Minister underlined: “Budget will be implemented according to the updated version available on the Governmental website. Outstanding AMD 98bln expenses are postponed and unlikely to be fully executed, that is will not exceed 10% limit. Thus the Government will not be urged to appeal to the National Assembly to alter the budget.”