Fluctuations in foreign currency exchange rate did not influence budget execution
The fluctuations in the foreign currency exchange rate in 2014 did not influence the budget execution, Atom Janjughazyan, Deputy Minister of Finance and Chief Treasurer of Armenia, said during the debates of the budget execution report in the parliament.
His comment came in response to a question from ARFD MP Artsvik Minasyan about the impact of these fluctuations on the budget execution. It could not influence the budget execution as it occurred at the end of 2014, Janjughazyan said.
At the same time, he said that there were no bids for short-term bonds in auctions in December, and it was an unprecedented phenomenon in the history of bonds market. He said, however, that this also did not influence the budget execution.