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President signs 2013 state budget law

President signs 2013 state budget law

PanARMENIAN.Net - Armenian President Serzh Sargsyan signed a parliament-adopted law on 2013 state budget.

The law stipulates for AMD 32,7 bn consolidated budget income; AMD 1 trillion 152,5 bn in budget expenditures. AMD 993, 08 bn in tax income and state duty is envisaged, with deficit to amount to AMD 119,7 bn (2,6% of VAT.)

12-month inflation index is forecasted at 4±1,5%; 6,2% GDP growth is expected.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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