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Armenian Budget Deficit At 0.2% Of GDP In 7 Mths

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  • Armenian Budget Deficit At 0.2% Of GDP In 7 Mths

    ARMENIAN BUDGET DEFICIT AT 0.2% OF GDP IN 7 MTHS

    Interfax, Russia
    Aug 31 2005

    YEREVAN. Aug 31 (Interfax) - The Armenian budget deficit stood at
    1.426 billion dram, or 0.2% of GDP, in January-July 2005, the National
    Statistics Service told Interfax.

    Revenue and official budget transfers were 191.32 billion dram,
    or 20.9% of GDP, in the seven months, up 24.5% year-on-year.

    The Armenian budget deficit is expected to be 47.5 billion dram, or
    2.3% of GDP, in 2005. Revenue is expected to be 327.92 billion dram,
    or 16.2% of GDP, and expenditures will be 375.4 billion dram, or 18.5%
    of GDP.

    The official exchange rate on August 31 was 471.28 dram/$1.
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