President signs law on 2014 Armenia's state budget

President signs law on 2014 Armenia's state budget

PanARMENIAN.Net - President Serzh Sargsyan signed a law on Armenia's state budget for 2014.

The National Assembly of Armenia adopted the 2014 state budget at a December 12 sitting.

The consolidated budget income is envisaged at AMD 1 trillion 135 billion, expenditures are set at AMD 1 trillion 245 billion. Budget deficit will amount to AMD 110 billion or 2,3% of GDP, current balance deficit will total 8,6%.

The 2014 state budget also envisages GDP growth of 5,2%, average inflation of 5,5%, 12-month inflation of 4,5%, deflator index of 4,3%.

The Armenian leader also signed laws on introduction of amendments to the laws on Armenia's budget system, state pensions, income tax, Customs Code, state duty, among others, presidential press service reported.

 Top stories
That net balance was lower than 39% in June and the lowest since the Markit Global Business Outlook Survey began in 2009.
The project aimed to assist the country in improving financial management and efficiency of the government’s activity.
Australian PM Tony Abbott said leaders would discuss job creation, identifying tax cheats and strengthening the global economy.
This is the second in a series of three DPOs, supporting the government of Armenia in meeting its strategic objectives.
Partner news