Wed, 10 September
17.1 C
Yerevan
USD: 382.95 RUB: 4.60 EUR: 450.04 GEL: 142.25 GBP: 519.82

Armenian National Assembly committees to open 2016 draft budget discussion on November 2

YEREVAN, October 21. /ARKA/. The Armenian National Assembly committees are to open the 2016 draft budget discussion on November 2, the press office of the National Assembly reported on Wednesday.

The draft 2016 budget, approved by the Armenian government on October 1, projects a 2.2% GDP growth, a 4% GDP deflator index, 12-month inflation at 4% (± 1.5%) and a budget deficit of 3.5% of GDP. The budget calls also for 1.373 trillion drams in revenues and 1.183 trillion drams in spending.  The projected deficit is 197 billion drams.

On the first day of the discussion, the committees will gather for a joint session, which will be attended by Prime Minister Hovik Abrahamyan, Vice-Premier and International Economic Integration and Reforms Minister Vache Gabrielyan, Head of the Central Bank of Armenia Arthur Javadyan and Finance Minister Gagik Khachatryan.

Specialized committees are scheduled to embark on the budget discussion on November 9.
The discussion will be completed on November 12, and one day later the parliament’s administration will submit written proposals to the government.

On November 16, the speaker will propose to put the draft budget on the National Assembly’s floor. ($1 – AMD 472.99). —-0—–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

LATEST NEWS

spot_imgspot_imgspot_img