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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