ArmInfo. IMF and Government forecasts in respect to 2017 GDP growth of the country are different. Vardan Aramyan, the Finance Minister, shared with journalists the ambitious plans of the Government, forecasting higher growth of GDP than that set forth in the country's budget. Meanwhile, yesterday the IMF mission fund voiced his version of Armenian GDP growth which is up to 2,9%.
According to Vardan Aramyan, the country's Government has multiply stated own plans to reach the growth exceeding 3,2%. Hem mentioned that despite March results are not summarized yet, it is possible to fix the 6,2% growth of economic activity. At the same time the Minister recognized the basic effect factor, due to which the growth indicator might be corrected with a gradient top decrease, like it was in 2016, when the economic activity in January formed 4,2%, with stage by stage growth up to 5,7% in May, after which an unessential dropdown was fixed. "However, I am sure we will reach the planned indicator of 3,2%," Armenian Minister of Finance stated.
Meanwhile, delivering a speech to journalists in Yerevan, Hossein Samiei, the head of IMF Mission to Armenia, mentioning all the positive messages of Armenian economy and expressing a hope for soonest structural reforms, voiced the new forecast of the Bank - 2,9% instead of previous 2,7. At that, in annual view trhe mission head did not rule out the occurrence of risks. He reminded that yet in early 2016 there were positive expectations regarding the economic growth in Armenia. But, based on results of last two quarters of 2016, negative tendencies had shaped, and, as the result, the growth was fixed almost at zero.
To note, according to the State Budget of RA, Armenia's GDP growth will reach 3.4% in 2017, against the predicted 3.2% for 2016 (previously forecasted 2,25-2,5%). According to the state budget of Armenia, economic growth in 2017 is planned at 3.2% of nominal GDP growth - within 5%, while the index-deflator by 1.7% (vs. 2.4% in 2016), the deficit of 150.1 billion AMD. The profitable part of the state budget of Armenia in 2017 will increase to $ 1 trillion. 210billion AMD, expenses will decline to 1trillion 360 billion AMD, the ratio of revenues/GDP is 22.4% (compared to revenues/GDP 21.8% in 2016).