Armenian National Assembly committees to start discussing draft 2016 budget on November 2
YEREVAN, October 21. /ARKA/. The Armenian National Assembly committees are to start discussing the draft government budget for 2016 on November 2, according to a report posted on the National Assembly's official website.
The discussion will be completed on November 12, and one day later the parliament's administration will submit written proposals to the government.
On November 16, the speaker will propose to put the draft budget on the National Assembly's floor.
The draft 2016 budget, approved by the Armenian government on October 1, projects a 2.2% GDP growth, a 4% GDP deflator index, 12-month inflation at 4% (± 1.5%) and a budget deficit of 3.5% of GDP. The budget calls also for 1.373 trillion drams in revenues and 1.183 trillion drams in spending. The projected deficit is 197 billion drams. ($1 – AMD 472.99). ---0----
The discussion will be completed on November 12, and one day later the parliament's administration will submit written proposals to the government.
On November 16, the speaker will propose to put the draft budget on the National Assembly's floor.
The draft 2016 budget, approved by the Armenian government on October 1, projects a 2.2% GDP growth, a 4% GDP deflator index, 12-month inflation at 4% (± 1.5%) and a budget deficit of 3.5% of GDP. The budget calls also for 1.373 trillion drams in revenues and 1.183 trillion drams in spending. The projected deficit is 197 billion drams. ($1 – AMD 472.99). ---0----