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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The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
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