Heritage calls 2012 state budget “pre-electoral”December 8, 2011 - 16:30 AMT PanARMENIAN.Net - The head of Heritage opposition party’s parliamentary group characterized the Armenian National Assembly-adopted 2012 state budget as “pre-electoral.” “The budget was adopted in a desperate attempt to resolve the problems which hadn’t been solved over the last 4 years,” Stepan Safaryan told a PanARMENIAN.Net reporter. “The newly-adopted budget doesn’t look reassuring, not does it prove Armenia’s past the crisis and instability. As for the budget implementability, the authorities, as usual, will fulfill it through external debt increase, giving no thought to the ways of paying it off,” the oppositionist said. On December 8, National Assembly adopted 2012 state budget with 66 votes in favor and 2 against. Heritage and ARF Dashnaktsutyun parliamentary groups did not vote. The final version of 2012 state budget stipulates AMD 911,6 bln revenues, AMD 1044,1bln. expenses and AMD 132,5 bln deficit. Deficit rate in GDP is forecast to total 3,1% against 3,95% stipulated for 2011 state budget. The parliament also adopted a legislative package of tax reforms to ensure growth of AMD 101 bln tax inflow for 2012. 2012 envisages economic growth of 4,2% and inflation rate of 4% (+,-1.5%). Top stories Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |