Armenia’s 2012 Budget Increases

Armenia’s finance ministry submitted a new draft budget to the government for 2012. The revenues of the budget will be around USD 2.46 bln. The expenditure will be around USD 2.81 bln. These figures are better than those of the last year. The budget envisages that around 42% will be spent on education, healthcare and social welfare. Around 19% will go on law enforcement.