2012 state budget deficit to be AMD 12 bln less against 2011November 9, 2011 - 14:39 AMT PanARMENIAN.Net - The 2012 draft state budget envisages deficit of 3.1%, which is AMD 12 bln less than in 2011. “Finally national budget gap reached the level of 3% that poses no threat to macroeconomic stability,” chairman of standing committee on financial-credit and budgetary affairs Gagik Minasyan told a press conference. He noted that during the global financial crisis, Armenian authorities increased budget deficit to 7,55% due to which no social program suffered any cuts and large-scale anti-crisis economic programs were implemented. 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 | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |