Time in Yerevan: 11:07:36,   26 January

Armenian Parliament adopts 2020 state budget draft

Armenian Parliament adopts 2020 state budget draft

YEREVAN, DECEMBER 6, ARMENPRESS. The Parliament of Armenia adopted the 2020 state budget draft.

77 MPs voted in favor of the draft, while 37 voted against.

Earlier the opposition Prosperous Armenia and Bright Armenia factions announced that they will vote against the budget draft.

The debate of the budget draft on December 5-6 was attended by Prime Minister Nikol Pashinyan and the Cabinet members.

“According to the 2020 budget draft it is expected to have 4.9% economic growth which will allow to have manageable risks. The tax revenues next year will be more by 0.3%. In 2020 entries of 1 trillion 602 million AMD in tax revenues are expected, which is an improvement by 0.3 percentage point. And in fact, instead of the expected 1 trillion 464 billion AMD tax revenues this year, it is expected that next year we will have higher tax revenues. The current expenditures will decrease to some extent compared to the great extent expected this year. In 2020 deficit is expected to be 2.6%”, finance minister Atom Janjughazyan said during the debate of the budget draft.

The debate of the budget draft has launched in the Parliament on November 13.

Edited and translated by Aneta Harutyunyan

 




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