Armenian National Assembly’s standing committees completed discussions of 2013 draft budget today, Nov. 6.

The consolidated budget revenues are planned to be set at AMD 1 trillion 31 billion, growing by 13% as compared with last year’s index, with the expenditures to be set at AMD 1 trillion 151 billion.

Taxes and state duties will make up 96,25% of tax revenues, with the official grants and other revenues to total 1,59% and 2,16% respectively.

Deficit is set at AMD 124 bln or 2,6% of GDP, with yearly inflation rate forecasted at 4±1,5%, with GDP growth expected at 6,2%.