Parliament votes to approve State Budget for FY2020

The Armenian National Assembly voted 77 to 37 today to approve the State Budget for FY2020.

Bright Armenia and Prosperous Armenia factions voted against the draft.

The budget envisages 4.9 percent economic growth.

According to the draft, revenues are projected to amount to about AMD 1.6 trillion, while expenditures are expected to total AMD 1.85 trillion.

The deficit is expected to stand at 2.6 percent.

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