Armenian government approves 2013 draft budgetSeptember 27, 2012 - 14:39 AMT PanARMENIAN.Net - At the September 27 sitting, the government approved Armenia’s draft budget for 2013. According to Finance Minister Vache Gabrielyan, consolidated budget revenues were set at AMD 1, 59 trillion, with the expenditures and deficit to total AMD 1, 183 trillion and 124 bn respectively. At the same time, communities’ budget revenue will total AMD 97,5 bn, with the expenditures and deficit set up at AMD 101,7 bn and 4,2 bn respectively. 12-month inflation rate will be established at 4 +_ 1,5%; deficit and economic growth will be set at 2,6% and 6%. According to 2012 results the economic growth will amount to 7%. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |