Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

31.10.2016 15:33
Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

YEREVAN, October 31. /ARKA/. In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions.

Achievement of this indicator amid the current economic environment and the expected economic passivity because of the parliamentary elections will require considerable efforts from the government.

“We assure you that we’ll do everything we can to ensure this indicator,” Karapetyan said.

According to the National Statistical Service, economic growth in Armenia was recorded at 1.5% in the second quarter 2016, while in the first quarter it stood at 4.5%.

In the 2016 government budget GDP growth is projected at 2.2%. ---0----


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