President signs law on 2014 Armenia's state budgetDecember 28, 2013 - 17:02 AMT PanARMENIAN.Net - President Serzh Sargsyan signed a law on Armenia's state budget for 2014. The National Assembly of Armenia adopted the 2014 state budget at a December 12 sitting. The consolidated budget income is envisaged at AMD 1 trillion 135 billion, expenditures are set at AMD 1 trillion 245 billion. Budget deficit will amount to AMD 110 billion or 2,3% of GDP, current balance deficit will total 8,6%. The 2014 state budget also envisages GDP growth of 5,2%, average inflation of 5,5%, 12-month inflation of 4,5%, deflator index of 4,3%. The Armenian leader also signed laws on introduction of amendments to the laws on Armenia's budget system, state pensions, income tax, Customs Code, state duty, among others, presidential press service reported. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |