YEREVAN. – International Monetary Fund (IMF) increased Armenia’s GDP growth projection rate from 3.8 to 6.2 percent, IMF Yerevan office reports.

The projection was changed by the IMF experts after the fifth review of the loan agreements of EFF/ECF program on Sept. 5 to Sept. 18. The previous growth index for Armenia was 3.8 percent, which was stated in March 2012.

Head of the IMF Armenia Mission Mark Horton said that macro-economic indexes are improving, and due to it, GDP is expected to go up by 6.2 percent in 2012 and by 4.3 next year. However, inflation is still preserved within 2.5 to 5.5 percent set by the Central Bank of Armenia.

As a whole, credit agreement implementation is satisfactory, and budget-tax balance is going up. It is expected that deficit of the budget for this year will make 2 percent in 2012 and 2.6 percent next year.