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Armenian Parliament Approves State Budget For 2007

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  • Armenian Parliament Approves State Budget For 2007

    ARMENIAN PARLIAMENT APPROVES STATE BUDGET FOR 2007

    Arka News Agency, Armenia -
    Nov 29 2006

    YEREVAN, November 29. /ARKA/. The Armenian parliament approved the
    state budget for 2007 today. The parliamentary reporter says 77 MPs
    voted for, three voted against, and six abstained from voting.

    Presenting the final draft budget project for 2007, Minister of Finance
    and Economy Vardan Khachatryan reported that the budget's incomes
    in the next year will total AMD 490.2bln compared to the planned AMD
    489.5bln, and the expenditures AMD 558.7bln against AMD 557.9bln.

    The minister said that the budget deficit will total AMD 68.47bln
    (2.3% of the GDP), AMD 124mln increase compared to the first revision
    of the state budget.

    According to the state budget for 2007, the actual GDP growth will
    amount to 9%, and the forecast inflation - 4%. ($1 - AMD 369.69).

    From: Emil Lazarian | Ararat NewsPress
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