Monday, November 26 2018 18:34

ArmInfo.Armenian President Armen Sargsyan signed the law "On the state budget of Armenia for 2019". This is the press service of the president.

It should be noted that the government of Armenia on November 19 at  an extraordinary meeting of the Cabinet approved changes to the draft  law "On the State Budget for 2019". According to the Acting Atom  Janjughazyan, Minister of Finance of Armenia, during the hearings of  the draft budget in the relevant committees of parliament 146  proposals were received from parliamentarians. The projected  indicators were also influenced by such factors as changes in the  exchange rate of the currency, as well as expectations for  extrabudgetary funds. As Janzhugazyan reminded, according to the RA  Law on the Budget System, the RA Law on the Budget is submitted to  the National Assembly in accordance with calculations as of September  1, after which in the second reading, as a result of a change in the  exchange rate, some adjustments are made . Including on their basis,  the Ministry of Finance revised its forecasts for both the state  budget revenues for 2019 and expenses: expenses were increased by  about 5 billion drams - from previously forecast 1,642,189.7 billion  to 1,648,063.1 billion drams (1, 464.2 billion drams in 2018, 1,360.1  billion in 2017 in the year and 1,420.6 billion in 2016). State  treasury revenues also increased adequately - from 1,490,589.7  billion to 1,496,463.1 billion drams (22.1%) of GDP, of which tax  revenues and state fees would amount to 1,401.8 billion drams  (instead of the early 1, 399.2 billion drams or 20.7% of GDP, and  1.255.8 billion drams or 20.3% of GDP in 2018). Other budget revenues  will be 55.1 billion drams next year (instead of 52.4 billion drams  pledged in the initial version and 23.9 billion drams for the current  year, the official grants in the updated version of the project will  grow to 39.5 billion from early 39 billion Target grants will amount  to 30 billion drams, and grants in the framework of European  cooperation due to changes in the exchange rate of the currency will  be reduced to 858.4 million drams instead of early 896, 9 million.  Thus, according to the draft budget, in 2019 in the context of  economic growth at the level of 4.9% and the growth of gross  accumulation of the main It forecast a 6.1% growth in exports of  goods and services in GDP, at 41% instead of 38.7% expected by the  end of this year. GDP per capita in Armenia is expected to reach $  4,604 by the end of 2019 at the end of this year, $ 4280. At the same  time, by the end of 2015, the figure was $ 3,512. According to the  draft budget for next year, the nominal GDP of Armenia in 2019 will  increase by about 560 billion from 6.193.0 billion drams expected by  the end of 2018 ($ 12,752.6 million) to 6,756.2 billion drams ($  13,717.5 million) pledged in the project. Community budgets for 2019  are estimated to be 138.9 billion drams (including official grants  from the state budget) in the line of income, and 138.9 billion drams  from expenses. This year, a figure of 130.1 billion drams was laid.  The ratio of investment to GDP in 2018 is projected at 23.3% instead  of 23.6% in 2019. 12-month inflation is expected to be at 4% with an  allowable fluctuation limit of +/- 1.5%. The deficit will be about  151.6 billion drams or 2.2% of GDP, against 156.9 billion drams  pledged for 2018 or 2.7% of GDP, but revised to 103.5 billion drams  (1.7% / GDP ). 54.1 billion drams are financed with internal  resources, and 97.5 (instead of the early 91.4 billion drams) from  external sources. The deflator index will be 104%, against 104.4%  predicted by the end of this year. As a result of parliamentary  adjustments, the Ministry of Transport will receive more - from  21,529,815, 4 thousand drams to 22,741,755.6 thousand drams, Ministry  of Education - 126,859,192.4 thousand drams from 126,834,451.6  thousand drams. Expenses for social and cultural events will be  increased: the Ministry of Culture will send 435 million drams more -  up to 15.584 billion drams, sports will receive instead of the  previously planned 2.6 billion drams 0 2.8 billion drams, health care  - 12.3 million more - up to 87 , 1 billion drams, allocations of  science will grow by 2.5 billion drams 0 to 16.8 micron drams.  Funding of security officials will also increase from 345.062 to  345.185 million drams. Next year, as a result of fiscal policy, the  level of public debt will be stabilized. Thus, it is expected that  the ratio of public debt to GDP will decline from 55% from the  projected by the end of 2018 to 53.43% of GDP, and the ratio of  government debt to GDP by the end of 2018 will be reduced from 53.4%  to 49.7 % In general, by the end of 2019, the state debt will grow to  $ 7.468 billion with the expected budget for the current year of  about $ 7.2 billion, or $ 7.053 million revised by the Ministry of  Finance. or 55% of GDP, and the government debt will make $ 6 billion  844.5 million (estimated exchange rate of the Armenian dram to the  dollar is $ 1 = 483.38 drams). In 2018, it is expected to attract  credit resources in the amount of $ 446 million, of which $ 31  million through the Central Bank. In 2019, it is planned to raise $  512 million, through the Central Bank line $ 2