ARKA News Agency
July 6 2005
ARMENIAN PARLIAMENT APPROVES GOVERNMENT’S 2004 STATE BUDGET REPORT
YEREVAN, July 6. /ARKA/. Armenian Parliament approved Wednesday the
Government’s 2004 state budget report. Armenian Deputy Finance and
Economy Minister Atom Janjughazyan, who presented the report, said
GDP nominal index was AMD 1trillion 893bn. In his words, 2-percent
inflation was recorded in the republic instead of planned 3%.
Monetary base rose 11.4%, compared with early 2005, reaching
AMD132.05bn. The budget part related to income was exceeded planned
figure by 2.4%, Janjughazyan said. In his words, actual feasibility
of income made AMD 302.2bn instead of specified indices equal to AMD
295.1bn. Janjughazyan noted that AMD 288.5bn made the budget’s own
income while AMD 13.7bn official transfers from outside sources and
AMD 6.1bn came from the income not included in program indices.
Taking into account this fact the income part of the budget was
recorded at 100.4%. The Deputy Minister also said the budget expenses
totalled 96.4% or AMD 334bn. He pointed out that AMD12.6-bn gap is
due to incomplete fulfilment of credit and grant programs funded from
the outside. Feasibility of such a kind of programs made 76% (39.5bn
against AMD 51.7bn).
According to Janjughazyan, the budget deficit financing for the
mentioned period totalled AMD 31.7bn instead of planned AMD 51.4bn
(61.7%). ($1-AMD 440.76). M.V. -0–