Yerevan /Mediamax/. Armenian Prime Minister Tigran Sargsian stated that as a result of consistent deterioration of DGP index, state budget deficit may make 7.5% in 2009.

Mediamax reports that Armenian Prime Minister said this during the scientific conference “Influence of the global crisis on Armenia: short-term and long-term prospects”.

According to Tigran Sargsian, the main financial sources to cover the deficit of the state budget are the loan means of the Asian Development Bank (USD 80mln) and the World Bank (USD 50mln).

Besides those means, the government intends to spend for those purposes 24bln AMD from the means of the Russian stabilization loan, as well as 24bln AMD at the expense of internal funding, Tigran Sargsian stated.

The Prime Minister informed that the largest investment for state budget deficit redemption will be the means of the International Monetary Fund (IMF) at the volume of USD 150mln.

Armenian Prime Minister informed that now the Cabinet of Ministers discusses the draft state budget for 2010. According to him, 1% GDP growth will be the basis of the draft.

Prime Minister noted the importance of the issue of state budget deficit funding for the next year. According to him, Armenian government has coordinated 4 years’ plans with the World Bank, IMF and Asian Development Bank (ADB). Tigran Sargsian stated that within 4 years Armenia will receive $545mln from WB, $823mln from IMF as financial assistance, as well as $140mln from ADB to realize a number of reforms.