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Armenia's Four Parliamentary Factions To Vote Against 2013 Budget Dr

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  • Armenia's Four Parliamentary Factions To Vote Against 2013 Budget Dr

    ARMENIA'S FOUR PARLIAMENTARY FACTIONS TO VOTE AGAINST 2013 BUDGET DRAFT

    YEREVAN, November 16. /ARKA/. Armenia's oppositional political parties,
    such as Heritage, the Armenian National Congress, ARF Dashnaktsutyun,
    and a party defining itself as alternative, Prosperous Armenia,
    declared Thursday they would vote against the 2013 state budget draft.

    Armenia's parliament finished evaluating the 2013 budget draft
    Thursday. Vote on the draft will be held not earlier than four days
    later after the end of evaluation. Within 24 hours the deputies are
    still allowed to present their written proposals.

    Republican Party (69 seats in 131-seat parliament) and Orinats Yerkir
    (6 seats) factions said they would vote for the budget draft.

    Armenia's 131-seat parliament has six political factions: the ruling
    Republican Party of Armenia-RPA (69 seats), Prosperous Armenia (37
    seats), Orinats Yerkir, coalitional with RPA, (6 seats), and the
    oppositional Armenian National Congress (7 seats), ARF Dashnaktsutyun
    and Heritage (5 seats each).

    The revenues of the consolidated budget are supposed to account 1
    trillion 31 billion, the expenditures- 1 trillion 151 billion drams,
    and the deficit- 120 billion drams or 2.6% of the GDP. Revenues from
    taxes and duties are anticipated at 992.9 billion drams, which is
    118.6 billion more from 2012. The rate of a twelve-month inflation
    is projected at 4±1,5%, and GDP growth- 6.2%.($1 - 407.71 drams).-0-

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