YEREVAN.- Armenian parliament approved on Thursday the 2012 draft budget by 66 votes “for” and 2 “against”. Eighty- seven MPs were present in the parliament hall.
Revenue and expenditures were increased by AMD 1.6 billion ($4.2 million) as compared with September 2011 when the draft budget was drew up. It is conditioned by changes in US dollar/AMD exchange rate.
Thus, the budget revenue makes AMD 911.6 billion (about $ 2.4 billion) with expenditures reaching AMD 1,041 billion (about $ 2.7 billion), the deficit - AMD 132.5 billion or 3.1% of GDP .
