NATIONAL ASSEMBLY APPROVES 2005 STATE BUDGET EXECUTION REPORT

Noyan Tapan
Jun 15 2006

YEREVAN, JUNE 15, NOYAN TAPAN. The report on the 2005 state budget
execution was approved unanimously – by 77 votes in favor, at the June
15 session convened on the initaitives of the RA National Assembly
deputies. Representatives of the opposition factions Justice and
National Unity were not present at the voting, while members of the
Orinats Yerkir faction did not participate in it..

According to the approved report, the actual revenues of the 2005
state budget made 374.7 bln drams or 99.9% of the adjusted program,
actual expenditures – 417.5 bln drams or 97.1%, the defecit – 42.8
bln drams or 78.3%. The underfulfilment of the defecit was due to
underimplementation of financing by 57.6%, with the internal financing
program being exceeded by 26.6%.

In 2005, the economic growth made 14%, exceeding the target index by
6% and the respective index of 2004 – by 3.5%. Nominal GDP amounted
to 2 trillion 244 billion drams, per capita GDP – to 697,421 drams
or 1,524 USD.

From: Emil Lazarian | Ararat NewsPress