Armenia’s annual inflation rate totaled 0,5% during the first five months, acting Minister of Finance said.

As Vache Gabrielyan noted, the economic activity index comprised 7,2%, with industrial growth grossing 115,3 %, increase in export and import totaling 117,8% and 108,7% respectively.

Dwelling on the state budget realization, Minister Gabrielyan said that the tax revenues and mandatory social payments totaled AMD 322, 7 bln. in January- May 2012.

In this context, budget expenditures made AMD 341 bln., with budget deficit totaling AMD 9,5 bln..

“Thus, the budget revenues overfulfil the plan by AMD 0,5 bln, with budget deficit recorded less than expected,” Minister said.