2012 Armenian budget executed with AMD 59.9 bln deficitMay 29, 2013 - 14:59 AMT PanARMENIAN.Net - Armenian parliament held a discussion of the annual report on 2012 national budget implementation, with Prime Minister Tigran Sargsyan presenting the key macroeconomic indices. Armenia posted 7,2% economic growth in 2012, with the annual inflation rate totaling 3,2%. 7.4% nominal growth of budget revenues was reported, with expenditures increasing by 2%. Export increased by 7% to gross AMD 1,4 bln, with import growing by 2,9% to total AMD 4,3 bln. GDP totaled AMD 3,98 bln; industry posted 5,7% growth, agriculture sector - 9,3%, construction - 0,5%, service sector – 8%. Prime Minister Sargsyan noted that the budget deficit was set at AMD 59,9 bln against the planned AMD 132,2 bln. National debt totaled AMD 1 trillion 508 billion or USD 3 billion 738 million. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. |