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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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