Ministry of Finance raises forecasts for economic growth – Vardan Aramyan
Armenia’s minister of finance on Friday announced his agency’s positive forecasts for economic growth, saying that their current estimates allow for securing a higher progress in almost all the sectors.
“In the [State] Budget for 2017, we fixed a 3.2% economic growth, yet the economic activity index - which is 5.5% at the moment – and the developments in all the sectors demonstrate that the growth will be between 4% and 4.8%,” Vardan Aramyan said at the cabinet meeting.
He added that they expect to increase the ceiling to 4.5% in 2018 by boosting the industries as the leading area.
“We are increasing the total revenues by 100,000 billion Drams for 2018. The estimated revenues are 1.307 trillion Drams (AMD 478 = USD 1),” he noted.