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