Draft 2012 budget sent to cabinet consideration
29.09.2011,
18:12
Armenian ministry of finance sent yesterday a draft budget for 2012 to the Cabinet’s consideration. It calls for 910 billion drams in revenues and 1.042.5 trillion drams in spending.
YEREVAN, September 29. / ARKA /. Armenian ministry of finance sent yesterday a draft budget for 2012 to the Cabinet’s consideration. It calls for 910 billion drams in revenues and 1.042.5 trillion drams in spending. The projected deficit is 132.5 billion drams, the finance ministry said in a statement sent to ARKA.
According to the statement, the amount of revenue is projected to increase by 6.8% from this year’s budget (852.4 billion drams). The spending is expected to grow by 41.5 billion drams. Some 86.1% of the spending (897.8 billion drams) is projected as current expenditure; 13.9% or 144.7 billion drams are projected as net non-financial expenditure. Some 46.2% are projected as social spending (education, health, social security), 19.8% as defense, public order and national security spending, 13.2% are planned for economic boost, 4.5% are projected to pay off Armenia’s state debt. Besides, 3.1 % of the blueprint budget is projected as official grants to communities and 2% as government reserve fund.
The finance ministry said the projected budget deficit is 16.1 and 41.8 billion drams less than the deficits in 2011 and 2010 respectively.
The deficit to GDP ratio is projected at 3.1% against 3.95% projected for 2011 and 4.98% for 2010.
The consolidated revenues for 2012 are expected to be 937.2 billion drams, expenditures at 1.069.7 billion drams (without budgetary transfers) and the deficit 132.5 billion drams. The amount of community budgets is estimated at 96.4 billion drams in revenues (including contributions from the state budget) and expenditures at 96.4 billion drams. Their projected income for 2012 is expected to be 11.5 billion higher than in 2010 and 2.8 billion drams higher than in 2011 ($1 - 370.38 AMD). -0-
According to the statement, the amount of revenue is projected to increase by 6.8% from this year’s budget (852.4 billion drams). The spending is expected to grow by 41.5 billion drams. Some 86.1% of the spending (897.8 billion drams) is projected as current expenditure; 13.9% or 144.7 billion drams are projected as net non-financial expenditure. Some 46.2% are projected as social spending (education, health, social security), 19.8% as defense, public order and national security spending, 13.2% are planned for economic boost, 4.5% are projected to pay off Armenia’s state debt. Besides, 3.1 % of the blueprint budget is projected as official grants to communities and 2% as government reserve fund.
The finance ministry said the projected budget deficit is 16.1 and 41.8 billion drams less than the deficits in 2011 and 2010 respectively.
The deficit to GDP ratio is projected at 3.1% against 3.95% projected for 2011 and 4.98% for 2010.
The consolidated revenues for 2012 are expected to be 937.2 billion drams, expenditures at 1.069.7 billion drams (without budgetary transfers) and the deficit 132.5 billion drams. The amount of community budgets is estimated at 96.4 billion drams in revenues (including contributions from the state budget) and expenditures at 96.4 billion drams. Their projected income for 2012 is expected to be 11.5 billion higher than in 2010 and 2.8 billion drams higher than in 2011 ($1 - 370.38 AMD). -0-
