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Armenian budget surplus 1% of GDP in H1

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  • Armenian budget surplus 1% of GDP in H1

    Interfax
    Aug 2 2004

    Armenian budget surplus 1% of GDP in H1

    Yerevan. (Interfax) - The budget surplus in Armenia in the first half
    of 2004 amounted to 5.96 million dram or 1% of GDP, a source in the
    republic's Finance and Economics Ministry told Interfax.

    Budget revenue in January-June this year amounted to 126.766 billion
    dram (21.1% of GDP), with expenditure of 120.8 billion dram (20.1% of
    GDP).

    Armenian GDP in January-June 2004 increased 9.1% year-on-year to
    600.04 billion dram.

    The republic's budget for 2004 was confirmed with a deficit of 42.9
    billion dram or 2.53% of GDP. Revenue is planned at 274.1 billion
    dram, with expenditure of 317 billion dram.
    The official exchange rate on July 30 was 519.07 dram to the dollar.
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