YEREVAN, October 30. /ARKA/. Wheat crop in Armenia totaled 310,000 tons this year – it was 26% larger that that of 2012, Agriculture Minister Sergo Karapetyan said Wednesday at budget hearings in the National Assembly.
He said that the government’s seed farming development program launched in Armenia in 2010 has contributed a great deal to this growth.
“Thanks to this program, 31,000 hectares of abandoned land are now used under crops,” Karapetyan said.
In his words, in the 2014 budget, the government earmarks about AMD 550 million for purchase of 3,300 tons of super elite wheat seeds from Russia.
In Armenia’s 2014 draft government budget, AMD 15 billion 660 million is earmarked for agriculture, and this is 23.1% more than the amount allocated to agriculture in the 2013 budget.
In the 2014 draft consolidated government budget, revenue is projected at AMD 1 trillion 134 billion, spending at 1 trillion 244 billion and deficit at AMD 110 billion.
GDP growth is projected at 5.2% and a 12-month inflation rate at 4% (±1.5%). ($1 – AMD 405.3). ----0---