Armenia’s budget implemented at AMD 59.9bln-dram deficit in 2012 : finance ministry

18.04.2013 16:04
Armenia’s budget implemented at AMD 59.9bln-dram deficit in 2012 : finance ministry

YEREVAN, April 18. /ARKA/. Armenia’s state budget is implemented at 59.9- billion- dram deficit in 2012, acting finance minister of Armenia Vache Gabrielyan said Thursday at the government session as he presented budget implementation report 2012.

The budget deficit was projected at 132 billion drams, he reminded.
Gabrielyan added the revenues rose by 7.4% or 65 billion drams in 2012 from a year earlier to 946.2 billion drams ( higher by 33.3 billion drams from what was anticipated). The own revenues stood at 922 billion dram, the rest was gained from foreign official grants.

“Budget implementation relating to revenues makes 100.14% due to hikes in tax revenues by 14.9% or 93.9 billion drams,” he said.

Budget implementation relating to expenditures in 2012 was 93.4% or 1 trillion 6 million drams.
Gabrielyan highlighted Armenia posted 7.2% economic growth in 2012. ($1 – 416.65 drams). —0-


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