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FOREIGN DEBT IS 3,74 BILLION USD AS OF 31.12.2012
On May 29 the Standing Committees of the National Assembly will start
discussing the annual report on state budget performance in 2012.
According to the schedule confirmed by Speaker Hovik Abrahamyan,
joint discussions with government will last till June 5. Discussions
of the performance report will be finalized by June 7. The draft
report will be included on the agenda of the meeting of parliament
on June 10 for plenary discussions.
According to the draft report, in 2012 actual income totaled 946.2
billion drams. Performance was 100.14%. Performance on revenues,
state levies and mandatory social security payments was 100.04%. Other
income exceeded the adjusted rate by 11.3%, performance of official
grants totaled 82.2% or 4 billion below the estimate.
In 2012, actual costs totaled 1,006.1 billion drams, performance
was 93.4%, there was some saving, as well as deferment of payments
relating to procurement under some programs.
In 2012 the budget deficit was 59.9 billion drams, which is 45.3%
of 132.2 billion drams estimated under the adjusted plan. The fiscal
deficit to GDP ratio was 1.5% in 2012 against the estimated 3.1%.
As of 31 December 2012 the foreign debt of the Republic of Armenia was
1,508.7 billion drams drams (3,738.3 million USD) or 37.9% of the GDP.
The bulk of the debt - 3,143.7 million USD - is direct lending to
the RA government, 594.6 million USD is the loan obligations of the
Central Bank.
In the accounting year the service of foreign debt was 239.4 million
USD of which 114.8 million USD under the line of government's
commitments, and 124.6 million USD under the line of the Central Bank.
The ratio of foreign debt service to export was 9.6%.
16:45 08/05/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29833
On May 29 the Standing Committees of the National Assembly will start
discussing the annual report on state budget performance in 2012.
According to the schedule confirmed by Speaker Hovik Abrahamyan,
joint discussions with government will last till June 5. Discussions
of the performance report will be finalized by June 7. The draft
report will be included on the agenda of the meeting of parliament
on June 10 for plenary discussions.
According to the draft report, in 2012 actual income totaled 946.2
billion drams. Performance was 100.14%. Performance on revenues,
state levies and mandatory social security payments was 100.04%. Other
income exceeded the adjusted rate by 11.3%, performance of official
grants totaled 82.2% or 4 billion below the estimate.
In 2012, actual costs totaled 1,006.1 billion drams, performance
was 93.4%, there was some saving, as well as deferment of payments
relating to procurement under some programs.
In 2012 the budget deficit was 59.9 billion drams, which is 45.3%
of 132.2 billion drams estimated under the adjusted plan. The fiscal
deficit to GDP ratio was 1.5% in 2012 against the estimated 3.1%.
As of 31 December 2012 the foreign debt of the Republic of Armenia was
1,508.7 billion drams drams (3,738.3 million USD) or 37.9% of the GDP.
The bulk of the debt - 3,143.7 million USD - is direct lending to
the RA government, 594.6 million USD is the loan obligations of the
Central Bank.
In the accounting year the service of foreign debt was 239.4 million
USD of which 114.8 million USD under the line of government's
commitments, and 124.6 million USD under the line of the Central Bank.
The ratio of foreign debt service to export was 9.6%.
16:45 08/05/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29833