YEREVAN, December 12 . /ARKA/. Armenian parliament passed the government budget for 2014 at its Thursday's session.
Seventy deputies voted for and 40 against the budget document, one abstained from voting.
Consolidated budget revenues are 1 trillion 135 billion drams and expenditures 1 trillion 245 billion drams under Armenia’s 2014 budget. Tax and duty receipts are expected to stand at 1 trillion 93 billion 900 million drams in the year to come, which is 99.2 billion drams or 10% higher than this year.
Budget deficit is to reach 110 billion drams or 2.3% of the country’s GDP, current accounts deficit is expected at 8.6%.
Under the budget passed, real GDP growth is 5.2%, average inflation 5.5%, 12-month inflation 4.5% and GDP deflator index 4.3%. –0—