Mid-term public expenditures for 2012-2014 project 4.2% - 4.8% GDP growth

07.07.2011 14:36
Mid-term public expenditures for 2012-2014 project 4.2% - 4.8% GDP growth

YEREVAN, July 7. / ARKA /. An Armenian government session today has approved a program on mid-term public expenditures for 2012-2014 that projects a 4.2% - 4.8% GDP growth for 2012-2014.

"This document projects a stable macroeconomic environment for the next three years. In particular, GDP growth is projected at 4.2% in 2012, 4.5% in 2013 and 4.8% in 2014," finance minister Vache Gabrielian said when introducing the document.

According to him, the growth will be secured mainly by services and industry.

"Mid-term projections are based both on our research and analytical materials of international organizations", the minister said. He added that the program envisages reduction of the deficit from 3.9% for 2011 to 3.1%, and then to 2.4%.

Armenia's GDP in 2010 grew by 2.6% compared with 2009, twice of the planned target of 1.2% amounting to 3.509.6 trillion drams. The 2011 budget projects a 4.6% economic expansion. ($ 1 - 369.42 AMD).  -0-


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says2021-10-25 22:24:28 Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says
Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister2021-10-25 22:23:10 Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister
In 2021, Armenia’s public debt/GDP ratio will be over 60% threshold- central bank2021-05-05 14:58:09 In 2021, Armenia’s public debt/GDP ratio will be over 60% threshold- central bank
Armenia’s public debt/GDP ratio comparable with developed countries, finance minister says2021-04-22 16:12:50 Armenia’s public debt/GDP ratio comparable with developed countries, finance minister says
World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent2021-03-31 17:37:45 World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent
Armenia’s per capita GDP in 2020 drops to $4,2692021-02-22 17:22:47 Armenia’s per capita GDP in 2020 drops to $4,269
Armenia’s per-capital GDP amounts to $ 1,212 in 3rd Q 20202020-11-25 16:37:46 Armenia’s per-capital GDP amounts to $ 1,212 in 3rd Q 2020
Level of Armenia’s public debt to GDP in 2020 to make 66.5 percent2020-11-17 21:39:49 Level of Armenia’s public debt to GDP in 2020 to make 66.5 percent
Fitch Ratings: Armenia’s public debt to grow to 63% of GDP in 20202020-10-06 18:10:10 Fitch Ratings: Armenia’s public debt to grow to 63% of GDP in 2020

«
»