{"id":43064,"date":"2012-10-30T16:42:59","date_gmt":"2012-10-30T16:42:59","guid":{"rendered":"https:\/\/armbanks.am\/2012\/10\/30\/236695\/"},"modified":"2024-12-15T13:00:20","modified_gmt":"2024-12-15T13:00:20","slug":"armenian-government-calculates-2013-budget-performance-risks","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/10\/30\/43064\/","title":{"rendered":"Armenian government calculates 2013 budget performance risks"},"content":{"rendered":"<p><strong>YEREVAN, October 30. \/ARKA\/<\/strong>. Armenia\u2019s 2013 draft government budget contains, for the first time, a section with specific calculations of possible impacts of risks on budget performance, Finance Minister Vache Gabrielyan said today in the parliament during the discussion of the 2013 draft budget.<\/p>\n<p>He said the document indicates sources and measures to be taken to neutralize possible risks.<br \/>\nOne of the sources if GDP growth slows down as a consequence of currency exchange rate fluctuations is attracting additional funding. These risks are estimated to cause losses from 21 to 51 billion drams.<\/p>\n<p>\u201cIn case of downward trends in economy the government\u2019s priority should become avoiding social spending cuts,\u201d Gabrielyan said.<\/p>\n<p>\u201cTo ensure the projected spending under this scenario, the government will have to attract additional funding in the amount of 0.55% of the projected GDP,\u201d he added.<\/p>\n<p>Earlier, Prime Minister Tigran Sargsyan said that given negative impacts of global economic developments on Armenia\u2019s 2013 budget the government may count on $100 million financial assistance from the World Bank.<\/p>\n<p>Next year\u2019s draft budget calls for 1.031 trillion drams in revenue and 1.151 trillion drams in spending. The projected deficit is 124 billion drams or 2.6% of GDP.<\/p>\n<p>The projected 12-month inflation is 4\u00b11.5% and GDP is 6.2%. ($1 \u2013 AMD 405.73). -0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s 2013 draft government budget contains, for the first time, a section with specific calculations of possible impacts of risks on budget performance<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12335,12877,308],"class_list":{"0":"post-43064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-budget","10":"tag-risks","11":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43064","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=43064"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43064\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=43064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=43064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=43064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}