Armenian president says 2012 budget is fulfilled completely

YEREVAN, December 24. / ARKA /. During a meeting with representatives of the business community of Armenia President Serzh Sargsyan spoke about the results gained in 2012, anticipated growth in the pivotal areas of economy, and fulfillment of the budget. 

He underscored that in the end of the year, the budget has been totally fulfilled despite the fact that the pessimists throughout the year were telling that it would be impossible to achieve.

Addressing the entrepreneurs the president said, “Our efforts aimed at the creation of a favorable business environment will be continuous. Our goal is to make Armenia for the local and foreign businesses and investors a safe place for doing business, with the stable and the rule of law environment. And the result should be practical, visible and tangible, placing the country on the list of the leading countries of world with the good business climate. We will continue to develop and modernize the tax and customs systems; the role of fair courts will become significant,’ he said.

”It is important for us that each next year is more efficient that the previous one, void of social and political shocks, adding bounty to our country and our people. The government-business dialogue and cooperation will go on. We already have some positive experience in that area and visible results. These results should be solidified, while the cooperation should deepen and get new impetus.’

Earlier finance minister Vache Gabrielyan said in the first 11 months the government collected 841 billion drams, 90.2 percent of the projected revenue and spent 831.6 billion, 85,1% of its planned spending. ($1 – 404.19 drams). -0-