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2013 Yerevan budget exceeds 2012 index by 3.17%

2013 Yerevan budget exceeds 2012 index by 3.17%

PanARMENIAN.Net - Yerevan city council unanimously approved 2013 development program, focusing on social and economic situation, as well as special planning.

The council also approved Yerevan city’s 2013 budget, with the total amount of revenues planned amounting to AMD 65,665,941.7 to exceed that of 2012 by 3.17%. The planned deficit is set at AMD 400,000.0. The city council, as well as the parliamentary group members of the ruling Republican Party of Armenia (RPA) and Prosperous Armenia highly assessed the draft budget, hailing the areas targeting the social and cultural life.

Upon competition of the meting, Yerevan city council resolved to grant privilege to the members of the Union of Armenia’s Artists with respect to the right to property, press service of Yerevan Municipality reported.

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According to a report published by SCImago database, Armenia is ranked 65th globally among a total of 239 countries and territories.
Cases of abuse of power or official misconduct also decreased in the reporting period, dropping to 136 from 168 a year before.
According to a government statement, the draft decision is in full compliance with the Armenian legislation.
Based on GDP per capita, Armenia ranks the 40th among developed countries, again outperformed by Turkey, Azerbaijan, Iran and Georgia.
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