ArmInfo. There was no sequestration  of the state budget-2016, Armenian Finance Minister Vardan Aramyan  told reporters on July 16 at a press conference.

ArmInfo. GDP per capita in Armenia  in 2020 will be $ 4,700 instead of the current approximately $ 3,500.  Answering the question of ArmInfo, Armenian Finance Minister Vardan  Aramyan stated at a press conference on July 16.

ArmInfo. Starting from 2018,  Armenia plans to increase defense expenditures by 26-27 billion AMD  annually and make up 4% of GDP. Armenian Finance Minister Vardan  Aramyan told journalists on July 16 during the discussions of the  medium-term expenditure program of Republic of Armenia for 2018-2020.

ArmInfo. The Ministry of Finance of Armenia forecasts GDP growth in 2018 at 4.7%, in 2019 - at 5.4%, in 2020 - at 5.7%. The Armenian government's decision on July 6 approved the medium-term expenditure program of the Republic of Armenia for 2018-2020, which is an integral part of the overall budget process and will become the basis for the development of the state budget for 2018. The program outlines the priorities of the fiscal policy and the state spending strategy for the next three years for the state administration and society. The Minister of Finance of Armenia Vardan Aramyan presented the document.

ArmInfo. The program of tourism development in the city of Ashtarak in Armenia is under implementation. RA Minister of Finance Vardan Aramyan stated this on July 6 from the rostrum of the National Assembly of Armenia.

ArmInfo. In 2016, Armenian Government took a number of measures aimed at developing the country's economy in the future. RA Minister of Finance Vardan Aramyan on July 6 stated in the country's Parliament, presenting the annual report on the implementation of the state budget of 2016.

ArmInfo. The Council of the  Eurasian Stabilization and Development Fund (ESDF) on June 26, 2017  approved changes to the reform program of the Republic of Armenia,  supported by a financial loan from the Fund. The changes reflect the  recommendation of the Council of the Fund of 6 December 2016 to  supplement the program with an indicator aimed at increasing debt and  fiscal sustainability, as well as the need to update a number of  conditions for the third tranche in the context of progress achieved  in the implementation of the first and second tranches. The press  service of the EADB informed ArmInfo about this.

ArmInfo. Due to negative external  shocks and a high level of turbulence in the world economy, in 2016  Armenia closed with 0.2-0.3% GDP index with economic activity of  0.5%.  Only the industrial sector (0.8 pp) and the service sector  (1.9 pp) recorded positive growth against the backdrop of negative  growth in agriculture (-1.0 pp) and construction (-1.0 pp). This was  stated by the Minister of Finance of Armenia Vardan Aramyan on June  26 in the National Assembly of Armenia presenting the report "On the  execution of the RA state budget for 2016".

ArmInfo. To achieve a 5% economic growth, efforts must be made. The RA Minister of Finance Vardan Aramyan expressed this opinion in the RA parliament on June 21, commenting on the program of the Armenian government for 2017-2022. This is stated in the official message of the department.

ArmInfo. Armenian Finance Minister  Vardan Aramyan received delegation of European Bank of Reconstruction  and Development(EBRD). 

ArmInfo. The purpose of the Armenian government is to ensure an average annual growth of the economy of 5%. This is stated in the officially published program of the Government of Armenia, submitted for approval by the National Assembly of Armenia.

ArmInfo. Collection of taxes in  the I quarter was made ahead of.  The Armenian Ministry of Finance  Vardan Aramyan stated this at the June 16 press conference.

ArmInfo.

ArmInfo. Armenia joint multi sided Convention of OECD, which will allow to implement norms of international agreements practically on preventing tax evasion and transfer of profits.

ArmInfo. Armenian Finance Minister Vardan Aramyan  on June 7 in Paris will participate in the procedure of signing many-sided agreement of the convention  "On measures related to  the prevention of the destruction of tax base and the transfer of profits," the press service of the department informs.

ArmInfo. The terms of  projected  budget capsulation transition starting with 2018 will be observed in  Armenia. This was stated by Vardan Aramyan, the Minister of Finance,  in his interview to ArmInfo. 

ArmInfo. "We are yet in the limits  of scenario assuming 3,2 economic growth by the end of 2017 and we  have targeted to provide the growth of GDP in upcoming years for 4,8  and higher up to 5,7%". Vardan Aramyan, thie Finance Minister of  Armenia, in his interview to ArmInfo comments on the plans on budget  capital expenditures , talks about those being justified and notes  the positive signals in the economy of Armenia within the activities  of Armenian Government led by Karen Karapetyan. According to the   minister, sometimes  positive expectation, including those in  economy, play a much more essential role than it was supposed. 

ArmInfo. "We are still in the  scenario that envisages a 3.2% economic growth by the end of 2017 and  set a goal to ensure GDP growth in subsequent years by 4.8 and up to  5.7%," Armenian Finance Minister Vardan Aramyan said after the next  meeting Government.  Meanwhile, according to him, the government in  its forecasts takes into account the presence of risks in connection  with the emerging conjuncture in foreign markets and the general  state of the world economy.

ArmInfo. Armenian Nuclear Power  Plant is the source of cheapest energy power processing in the  country, and which is why its role is hard to overestimate from the  point of view of possibilities of economy development. This was  stated by Armenian Finance Minister Vardan Aramyan during the  conversation with ArmInfo's correspondent. 

ArmInfo.  Armenian Government is  intended to drive additionally collected assets  at AMD 50 bln  to  the infrastructure development projects. " I think, today it would be  more justified to invest the amount stated and to generate the added  value, which, in its turn, could be led for maintaining the state  debt, " Vardan Aramyan, Armenian Ministry  Charge D'Affair  stated in  his interview to ArmInfo.