  2012 state budget deficit to be AMD 12 bln less against 2011 November 9, 2011 - 14:39 AMT PanARMENIAN.Net - The 2012 draft state budget envisages deficit of 3.1%, which is AMD 12 bln less than in 2011. “Finally national budget gap reached the level of 3% that poses no threat to macroeconomic stability,” chairman of standing committee on financial-credit and budgetary affairs Gagik Minasyan told a press conference. He noted that during the global financial crisis, Armenian authorities increased budget deficit to 7,55% due to which no social program suffered any cuts and large-scale anti-crisis economic programs were implemented.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
