Armen Alaverdyan: Armenia received 15.4 bln AMD from EEU general budget in Q1 2016

ArmInfo. Armenia received 15.4 bln AMD from the Eurasian Economic Union's general budget in Q1 2016, Deputy Chairman of Armenia's State Income Committee Armen Alaverdyan told journalists in parliament on May 30.

According to him, in 2015 53 bln AMD was allocated to Armenia from the EEU budget. At the same time he forecasted that by the end of 2016 Armenia will receive nearly the same amount.

Answering to the comment that it was anticipated to receive more funds from the general budget, Alaverdyan stated that the reduction relates to drop of import to Russia and other EEU countries.  According to him the import has significant share in the economies of these countries and because of its reduction less funds are directed into the general budget. At the same time Alaverdayn noted that the forecasts were made based on the indicators of 2014. "We are sure that in the second half of 2016 the import will activate. And if the Russian Ruble continues demonstrating stability the forecasts may be positive", he stressed.

Earlier Minister in charge of Integration and Macroeconomics of the EEC Tatyana Valovaya stated that the mutual trade turnover of EEU countries declined by 16% y-o-y in Q1, 2016. She noted that Belarusian export dropped by 10%, Kazakhstan's by 20%, Russia's by 18, while Armenia's export grew 2-fold.