Central Bank Chairman Urges Government to Cover Deficit

YEREVAN (Noyan Tapan)– "The government must break its tradition of covering the budget deficit at the expense of short-term bonds," Central Bank Chairman Tigran Sargssian said. Treasury bills with two-year maturity–according to the CB Chairman–may be used for seasonal harmonization of budget expenditure. Simultaneously–T-bills must be used for effective accumulation and use of population funds.

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