Armenian govt. sets macroeconomic stability priority in 2013October 30, 2012 - 14:50 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan presented the 2013 draft budget, noting macroeconomic stability as a priority. “We currently plan to ensure 6,2% economic growth in 2013 instead of this year’s 7%,” Prime Minster Sargsyan said, conditioning the decision by cuts in global growth forecasts. He stressed the need to pursue cautious macroeconomic policy, in the view of the possible risks in 2013. “The 2013 draft budget focuses on three principles: ensuring economic competitiveness, development of human capital and effective institutions. This will enable Armenia to retain high economic growth, continue diversification policy, boost the business and investment climate, as well as implement serious changes in the social policy,” PM Sargsyan said. Armenia’s 2013 draft budget envisages 4±1,5% inflation rate, with the deficit to total AMD 124 billion. The consolidated budget revenues are planned to be set at AMD 1 trillion 59 billion, with the expenditures to be set at AMD 1 trillion 183 billion. 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |