Parliament approves Armenia's budget for 2020

Parliament approves Armenia's budget for 2020

PanARMENIAN.Net - The National Assembly on Friday, December 6 approved Armenia's budget for 2020, with 77 lawmakers voting in favor and 37 against.

The budget predicts a growth of 4.9% for the coming year, while deficit is projected at AMD 160.7 billion.

According to the draft law, revenues amount to AMD 1.69 trillion, while expenditures total AMD 1.85 trillion.

Ahead of the vote on Friday, Prime Minister Nikol Pashinyan said that Armenia has purchased “unprecedented amount of weapons and ammunition”.

The PM described the budget as revolutionary.

 Top stories
Armenia's GDP grew by a strong 7.9% year-on-year in the third quarter of 2019, the World Bank said.
"This is the 3rd product of animal origin from Armenia for which EU grated access to its market," the EU said.
Masdar has entered into a formal agreement with Anif to develop 400 MW solar power projects in Armenia.
Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-22, PM Nikol Pashinyan said.
Partner news