YEREVAN, October 30./ARKA/. Armenia’s government is to set a 6.2% economic growth in 2013, Prime Minister Tigran Sargsyan said Tuesday presenting the 2013 state budget draft in the parliament.
“Our priority is to ensure macroeconomic stability next year, and it will be really important as the forecasts show the global economy is in a very precarious condition,” he said.
According to PM, the International Monetary Fund and the World Bank are downgrading economy growth in 2013, and if up to now we were witnessing economic crisis and deterioration of the principal economic indicators in the developed countries, it becomes obvious now, that the new crisis will expand over the states with developing economies as well.
“It means we should conduct quite a prudent macroeconomic policy bearing in mind the risks in 2013. Thereby, currently we plan to hit a 6.2% economic growth instead of this year’s 7%,” the head of Armenian government added.
Sargsyan also said the government should have enough resources to neutralize the outer risks.
“Particularly, as of now we have reached an agreement with the WB stating if the global economy tendencies have a negative impact on our budget implementation, we can expect $100 million in financial aid,” he noted.
The revenues of the consolidated budget are supposed to account 1 trillion 59 billion, the expenditures- 1 trillion 183 billion drams, and the deficit- 124 billion drams or 2.6% of the GDP. The rate of a twelve-month inflation is projected at 4±1,5%. Community budget income will stand at 97.5 billion drams, expenditures- 101.7 billion drams, and deficit- 4.2 billion drams. ($1 – 405.73 drams).—0-