Levon Ter-Petrossian Accuses Armenian Authorities of Shadow Budget

Armenia's budget should comprise USD 5-6 billion instead of USD 2,5 billion declared, according to the first Armenian president Levon Ter-Petrossian.

As he stated at October 15 rally of the Armenian National Congress (ANC), Armenian authorities have 2 budgets: "the official one, and the one that ends in their pockets". "Armenian citizens' salaries should twice exceed the ones they currently receive," he said.

Commenting on the list of the richest people in Armenia published in Russian magazines, Ter-Petrossian noted, "Robert Kocharyan and Tigran Sargyan repeatedly initiated legal actions against Armenian magazines. I doubt if they can sue Russian media." Ter-Petrossian promised to retract his words, should at least one member of the ANC appear in the lost of top 100 richest people.  Read more... (169 words)

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