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Armenian Parliament votes to approve State Budget for FY2017

The Armenian National Assembly voted 83 to 24 with one abstention today to approve State Budget for FY2017.

Speaking before the voting, MPs from Prosperous Armenia and the Armenian National Congress said the factions would vote against the bill.

MP Tigran Urikhanyan also urged lawmakers to vote against the draft.

Head of the Orinats Yerkir faction Heghine Bisharyan said they would vote against the bill because of “lack of progress and expectations for the citizens of the republic.”

The Republican Party and the Armenian revolutionary Federation backed the bill.

The State Budget 2017 envisages revenues amounting to 1 trillion 210 billion AMD. The expenditures will be maintained at the level of around 1 trillion 360 billion AMD. The budget deficit will make approximately 150 billion 150 million AMD.

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