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March 28
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YEREVAN. – Armenia’s 2012 State Budget, just like the state budgets of previous years, will have a social trend, chairman Gagik Minasyan of National Assembly’s Financial-Credit and Budgetary Affairs Committee stated during a press conference on Wednesday.   

He informed that 29 percent of the Budget will be directed to social security measures and all human capital allocations will constitute 48.3 percent of the Budget.    

As per Minasyan, the State Budget’s tax revenues will increase, which will primarily be due to economic growth. 

Legislative changes and administration will comprise the other sources for increasing the revenues.

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