Gagik Minasyan, the president of the finance. Loan and budget commission labeled the 2013 state budget as “rather hard and efficient”. According to his deliberations, the discussed document is a budget plan with rather high indexes of macroeconomy and GDP increase.
This year the inflation will be 4±1.5%, the same amount is determined for the upcoming year. The budget incomes will make 1 trillion 151 billion drams with 13% increase and the expenditures will make 1 trillion 31 billion drams with 10% increase. The MP mentioned the export rate in 2013 will be higher than the import rate. Minasyan concluded that these macroeconomic indicators often do not say anything to the public, but the latters’ distortion brings to such consequences as we see in case with Greece and added that the external debt providing expenditures will increase with 40 million drams.
