{"id":101956,"date":"2016-10-04T15:00:35","date_gmt":"2016-10-04T15:00:35","guid":{"rendered":"https:\/\/armbanks.am\/2016\/10\/04\/245263\/"},"modified":"2024-12-15T13:25:35","modified_gmt":"2024-12-15T13:25:35","slug":"government-expects-2016-budget-deficit-to-be-5-9-6-percent","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/10\/04\/101956\/","title":{"rendered":"Government expects 2016 budget deficit to be 5.9-6 percent"},"content":{"rendered":"<p><strong>YEREVAN, October 4. \/ARKA\/.<\/strong> Armenia&#8217;s 2016 budget deficit will make about 5.9-6% of GDP, finance minister Vardan Aramyan told a news conference today. According to him, over the past two years the government has been pursuing the so-called counter-cyclical fiscal policy, which resulted in the increased budget deficit which was necessary to raise investments for the economy and compensate for the drop in foreign exchange receipts.<\/p>\n<p>&#8220;As a result the state budget deficit in 2015 amounted to 4.8% of GDP and in 2016, we expect it to be 5.9-6%&#8221;, &#8211; said Aramyan.<\/p>\n<p>He said to finance the budget deficit the government plans to collect 70 billion drams from internal sources, of which 40 billion drams as government bonds and another 5 billion drams will be returned as earlier provided loans.<\/p>\n<p>According to the minister, the remaining 80 billion drams will be financed from external sources. Earlier Aramyan said the budget deficit in 2017 will be brought down to 2.8% of GDP.<\/p>\n<p>According to state budget for 2016, the government\u2019s spending is 1 trillion 377 billion drams. It also plans to collect 1 trillion. 186.3 billion drams in revenue.\u00a0 ($1 \u2013 474.34 drams). &#8211;0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s 2016 budget deficit will make about 5.9-6% of GDP, finance minister Vardan Aramyan told a news conference today. According to him, over the past two years the government has been pursuing the so-called counter-cyclical fiscal policy<\/p>\n","protected":false},"author":1,"featured_media":157118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12497,308],"class_list":{"0":"post-101956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-deficit","11":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/101956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=101956"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/101956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157118"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=101956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=101956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=101956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}