Opposition MP calls for revision of 2016 budget
13.06.2016,
13:45
Speaking today at an extraordinary session of the National Assembly, Levon Zurabyan, the parliamentary leader of the opposition Armenian National Congress (HAK), has called on the parliament to revise the government’s budget for 2016, saying a great deal of priorities, which were taken into account in adopting the budget have now changed.
YEREVAN, 13 June. /ARKA/. Speaking today at an extraordinary session of the National Assembly, Levon Zurabyan, the parliamentary leader of the opposition Armenian National Congress (HAK), has called on the parliament to revise the government’s budget for 2016, saying a great deal of priorities, which were taken into account in adopting the budget have now changed.
However, neither the prime minister, nor members of the government, nor the speaker of the National Assembly have responded to this proposal, since according to the parliament’s regulations, this question can be answered only during a parliamentary Q&A session.
The country’s budget, adopted late last year calls for 1 trillion and 377 billion drams in spending (the ratio of spending to GDP is 25.3%) and 1 trillion and 186.3 trillion drams in revenue (the ratio of revenue to GDP is 21.8%). The resulting deficit is 197 billion drams (the ratio of deficit to GDP is 3.2%).
Armenia’s public debt is expected to surge at the end of 2016 to $5.569 billion, of which 86.6% is external debt.
Earlier prime minister Hovik Abrahamyan pledged to streamline the government’s expenditures, step up the fight against corruption and improve the domestic business environment in response to “new challenges” emanating from the unresolved Nagorno-Karabakh conflict. ($ 1 - 479.16 drams) . -0-
However, neither the prime minister, nor members of the government, nor the speaker of the National Assembly have responded to this proposal, since according to the parliament’s regulations, this question can be answered only during a parliamentary Q&A session.
The country’s budget, adopted late last year calls for 1 trillion and 377 billion drams in spending (the ratio of spending to GDP is 25.3%) and 1 trillion and 186.3 trillion drams in revenue (the ratio of revenue to GDP is 21.8%). The resulting deficit is 197 billion drams (the ratio of deficit to GDP is 3.2%).
Armenia’s public debt is expected to surge at the end of 2016 to $5.569 billion, of which 86.6% is external debt.
Earlier prime minister Hovik Abrahamyan pledged to streamline the government’s expenditures, step up the fight against corruption and improve the domestic business environment in response to “new challenges” emanating from the unresolved Nagorno-Karabakh conflict. ($ 1 - 479.16 drams) . -0-
