Galust Sahakyan expects budget overfulfilment if economic growth continuesDecember 8, 2011 - 17:53 AMT PanARMENIAN.Net - The head of the ruling Republican Party of Armenia (RPA) parliamentary group commented on RA NA-adopted 2012 state budget.“In estimating the budget, we were basing our decisions on the fact that the budget will be overfulfilled in case current economic growth persists,” Galust Sahakyan told a PanARMENIAN.Net reporter. 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 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |