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Armenia'S Parliament Approves 2011 Budget Report

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  • Armenia'S Parliament Approves 2011 Budget Report

    ARMENIA'S PARLIAMENT APPROVES 2011 BUDGET REPORT

    news.am
    October 04, 2012 | 13:33

    YEREVAN. - By a vote of 70 for and 6 against, Armenia's National
    Assembly on Thursday approved the 2011 State Budget report.

    The Budget revenues were around AMD 880.9 billion, which surpassed
    the previous year's indicator by AMD 100.4 billion, or by 12.9 percent.

    The program indicator was fulfilled by 99.7percent, conditioned by
    the performance of the official grants which constituted 91.9 percent,
    or AMD 5.2 billion less than projected.

    The expenditures were AMD 986.5 billion thereby securing a 94.7-percent
    performance, due to economizing spending on some programs and
    extending the term of payments for purchases along the lines of
    separate programs.

    To note, in line with the current exchange rate, US$ 1 is equivalent
    to approximately AMD 408.

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