Manufacturer says Armenia’s 2013 draft budget “conservative”September 19, 2012 - 17:00 AMT PanARMENIAN.Net - Armenia’s draft budget for 2013 envisages economic growth trends, head of Armenian Union of Local Manufacturers said. Vazgen Safaryan stressed the need to review the economic policy to solve the employment and migration problem. “2013 draft budget is conservative, ensuring continuation of 2012 state budget,” he told a press conference in Yerevan, adding that national budget revenues are expected to total AMD 1.120 trillion, expenditures – AMD 1,120 trillion, with deficit to gross AMD 120 bln. Considering that 2012 budget envisages revenues at the amount of AMD 911,6 bln, expenditures of AMD 1044,1 bln, and deficit of AMD 132,5, the new draft budget forecasts higher indices. “This year, industrial output is expected to total AMD 1,060 trillion against last year’s AMD 992 bln,” he said, noting the construction of North-South highway, Vanadzor-Fioletovo new railroad, as well as the possible launch of Nairit chemical giant among the economic growth engines. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |