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64.5% of Armenian budget was formed by transfers from Russia in 2012

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  • 64.5% of Armenian budget was formed by transfers from Russia in 2012

    Vestnik Kavkaza, Russia
    Feb 15 2015


    64.5% of Armenian budget was formed by transfers from Russia in 2012

    15 February 2013 - 11:13am


    Armenians transferred $1.69 billion from foreign to Armenia in 2012,
    which means a transfer drop of $140.3 million (9.1%), compared with
    2011, News.am reports.

    85.6% of the sum was transferred from Russia, compared with 83.7% in
    83.7% (growing by $150 million).

    $1.447 billion transferred from Russia in 2012 are equivalent to 64.5%
    of Armenian budget.

    Transfers from China increased by $2.4 million and Kazakhstan by $1.9
    million. Transfers from other countries dropped by a total of $9.5
    million. Transfers from the US dropped by $7.8 million and Ukraine by
    $6 million.

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