By Alexander Tagvoryan YEREVAN, October 19 – The state budget of the Republic of Armenia in 2011 includes an unprecedented increase in social spending, said Prime Minister Tigran Sarkisian when presenting the plan for 2011 at the joint meeting of the standing parliamentary committees. “You can characterize the budget as socially oriented, because we will [...]

By Alexander Tagvoryan YEREVAN, October 1 – During a government meeting held in Ijevan on September 30 the draft budget of the Republic of Armenia for 2011 was approved. The document will be sent to the National Assembly for review. According to the Minster of Finance Tigran Davtyan, a 4 percent GDP growth is expected next year. In 2011, the budgetary expenditures [...]

By Alexander Tagvoryan YEREVAN, August 2–In the first half of 2010, Armenia’s state budget revenue amounted to 366.3 billion dram (the number doesn’t include the funds received through targeted programs financed by international organizations and foreign countries), while the expenditures amounted to 383.2 billion dram. Compared to the same period in 2009, the budget revenues [...]