MACROECONOMIC FRAMEWORK for 2010
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|
By
“Budget Message of the Government of RA for 2010".
Budget
Law of RA was adopted on December 10, 2009.
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2010
|
|
GDP
(bln AMD)
|
3,214.6
|
|
GDP
Real Growth (%)
|
1.2
|
|
GDP
Deflator (%)
|
2.0
|
|
Inflation
(end of period, %)
|
4±1.5
|
|
Exchange
Rate (AMD/USD, average)
|
386.4
|
|
State
Budget Total Revenues (bln AMD)
|
742.1
|
|
State
Budget Total Revenues / GDP (%)
|
23.1
|
|
State
Budget Tax Revenues and State Duties / GDP (%)
|
17.7
|
|
State
Budget Total Expenditures (bln AMD)
|
935.5
|
|
State
Budget Total Expenditures / GDP (%)
|
29.1
|
|
State
Budget Deficit / GDP (%)
|
6.0
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|
Note: All calculations based on 2009 preliminary data.
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MACROECONOMIC FRAMEWORK for 2008
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|
By
“Budget Message of the Government of RA for 2008".
Budget Law of RA was adopted
on November 28, 2007.
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2008
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|
GDP
(bln AMD)
|
3,520.0
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|
GDP
Real Growth (%)
|
10.0
|
|
GDP
Deflator (%)
|
4.0
|
|
Inflation
(end of period, %)
|
4±1.5
|
|
Exchange
Rate (AMD/USD, average)
|
336.5
|
|
State
Budget Total Revenues (bln AMD)
|
744.7
|
|
State
Budget Total Revenues / GDP (%)
|
21.2
|
|
State
Budget Tax Revenues and State Duties / GDP (%)
|
16.9
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|
State
Budget Total Expenditures (bln AMD)
|
820.8
|
|
State
Budget Total Expenditures / GDP (%)
|
23.3
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|
State
Budget Deficit / GDP (%)
|
2.2
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|
Note: All calculations based on 2007 preliminary data.
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MACROECONOMIC FRAMEWORK for 2007
| |
|
By “Budget Message of
the Government of RA for 2007".
Budget Law
of RA was adopted on November 29, 2006.
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|
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2007
|
|
GDP (bln
AMD)
|
2,922.4
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|
GDP Real
Growth (%)
|
9.0
|
|
GDP
Deflator (%)
|
4.0
|
|
Inflation
(end of period, %)
|
4±1.5
|
|
Exchange
Rate (AMD/USD, average)
|
357.0
|
|
Exchange
Rate (AMD/EURO, average)
|
466.0
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|
State
Budget Total Revenues and Grants (bln AMD)
|
490.2
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|
State
Budget Total Revenues and Grants / GDP (%)
|
16.8
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|
State
Budget Tax Revenues and State Duties / GDP (%)
|
15.7
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|
State
Budget Total Expenditures (bln AMD)
|
558.7
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|
State
Budget Total Expenditures / GDP (%)
|
19.1
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State
Budget Deficit / GDP (%)
|
2.3
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|
Note: All calculations based on 2006 preliminary data.
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MACROECONOMIC FRAMEWORK for 2007-09 by MTEF
|
Medium Term Expenditure Framework (MTEF) was approved by the Government
of RA in June 30, 2006
|
Medium Term Expenditure Framework (MTEF) was approved by the
Government of RA on June 30, 2006.
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2007
|
2008
|
2009
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|
|
GDP
(billion AMD)
|
2,693.5
|
2,940.7
|
3,195.5
|
|
|
GDP
Nominal Growth (%)
|
9.2
|
9.2
|
8.7
|
|
|
GDP
Real Growth (%)
|
6.0
|
6.0
|
5.5
|
|
|
GDP
Deflator (%)
|
3.0
|
3.0
|
3.0
|
|
|
Inflation
(average, %)
|
3.0
|
3.0
|
3.0
|
|
|
Exchange
Rate (AMD/USD, average)
|
na
|
na
|
na
|
|
|
Exchange
Rate (AMD/EURO, average)
|
na
|
na
|
na
|
|
|
State
Budget
|
|
|
|
|
|
Total
Revenues and Grants (billion AMD)
|
447.6
|
507.6
|
563.1
|
|
|
Total
Revenues and Grants / GDP (%)
|
16.6
|
17.3
|
17.6
|
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|
Tax Revenues and State Duties
|
421.4
|
471.1
|
524.7
|
|
|
Tax Revenues and State Duties / GDP (%)
|
15.6
|
16.0
|
16.4
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Non-Tax Revenues (billion AMD)
|
7.1
|
5.8
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5.9
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|
Capital Revenues (billion AMD)
|
4.1
|
0.09
|
0.09
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Grants (billion AMD)
|
15.0
|
30.5
|
32.4
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|
Grants / GDP (%)
|
0.6
|
1.0
|
1.0
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Total
Expenditures (billion AMD)
|
524.2
|
588.9
|
607.5
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|
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Total
Expenditures / GDP (%)
|
19.5
|
20.0
|
19.0
|
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Education (billion AMD)
|
80.6
|
85.2
|
90.3
|
|
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Education / GDP (%)
|
3.0
|
2.9
|
2.8
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Education / Total Expenditures (%)
|
15.4
|
14.5
|
14.9
|
|
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Social Insurance and Social Security
(billion AMD)
|
56.7
|
57.5
|
60.7
|
|
|
Social Insurance and Social Security / GDP
(%)
|
2.1
|
2.0
|
1.9
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Social Insurance and Social Security /
Total Expenditures (%)
|
10.8
|
9.8
|
10.0
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Public Health (billion AMD)
|
44.2
|
46.5
|
52.6
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Public Health / GDP (%)
|
1.6
|
1.6
|
1.6
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Public Health / Total Expenditures
(%)
|
8.4
|
7.9
|
8.7
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Culture, Information, Sport and Religion
(billion AMD)
|
14.1
|
11.8
|
13.5
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|
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Culture, Information, Sport and Religion /
GDP (%)
|
0.5
|
0.4
|
0.4
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Culture, Information, Sport and Religion /
Total Expenditures (%)
|
2.7
|
2.0
|
2.2
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Science (billion AMD)
|
5.2
|
5.9
|
6.6
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|
|
Science / GDP (%)
|
0.2
|
0.2
|
0.2
|
|
|
Science / Total Expenditures (%)
|
1.0
|
1.0
|
1.1
|
|
|
Deficit
/ GDP (%)
|
2.8
|
2.8
|
1.4
|
|
|
CAB
(excluding Official Transfers) / GDP (%)
|
-5.0
|
-4.9
|
-4.8
|
|
|
Exports
of Goods & Services (% change)
|
na
|
na
|
na
|
|
|
Imports
of Goods & Services (% change)
|
8.0
|
7.0
|
6.9
|
|
|
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MACROECONOMIC FRAMEWORK 2006-08
| | By the "Medium Term Expenditure Framework of the Government of RA for 2006-2008"
Approved on June 1, 2005
| | 2006 | 2007 | 2008 | | GDP (billion AMD) | 2,303.3 | 2,514.7 | 2,745.6 | | GDP Nominal Growth (%) | 9.2 | 9.2 | 9.2 | | GDP Real Growth (%) | 6.0 | 6.0 | 6.0 | | | | | | | GDP Deflator (%) | 3.0 | 3.0 | 3.0 | | Inflation (average, %) | 3.0 | 3.0 | 3.0 | | Exchange Rate (AMD/USD, average) | 468.2 | 468.2 | 468.2 | | Exchange Rate (AMD/EURO, average) | 626.2 | 626.2 | 626.2 | | | | | | | State Budget | | | | | Total Revenues and Grants (billion AMD) | 373.2 | 415.3 | 455.1 | | Total Revenues and Grants / GDP (%) | 16.2 | 16.5 | 16.6 | | Tax Revenues and State Duties (billion AMD) | 358.4 | 400.7 | 448.2 | | Tax Revenues and State Duties / GDP (%) | 15.6 | 15.9 | 16.3 | | Non-Tax Revenues (billion AMD) | 5.9 | 6.6 | 5.6 | | Non-Tax Revenues / GDP (%) | 0.3 | 0.3 | 0.2 | | Capital Revenues (billion AMD) | 1.2 | 0.3 | 0.3 | | Capital Revenues / GDP (%) | 0.05 | 0.013 | 0.012 | | Grants (billion AMD) | 7.7 | 7.7 | 1.1 | | Grants / GDP (%) | 0.3 | 0.3 | 0.04 | | Total Expenditures (billion AMD) | 439.9 | 488.1 | 534.6 | | Total Expenditures / GDP (%) | 19.1 | 19.4 | 19.5 | | Education (billion AMD) | 65.7 | 75.0 | 90.1 | | Education / GDP (%) | 2.9 | 3.0 | 3.3 | | Education / Total Expenditures (%) | 14.9 | 15.4 | 16.9 | | Social Insurance and Social Security (billion AMD) | 52.4 | 55.5 | 56.6 | | Social Insurance and Social Security / GDP (%) | 2.3 | 2.2 | 2.1 | | Social Insurance and Social Security / Total Expenditures (%) | 11.9 | 11.4 | 10.6 | | Public Health (billion AMD) | 36.6 | 47.5 | 55.4 | | Public Health / GDP (%) | 1.6 | 1.9 | 2.0 |
| Public Health / Total Expenditures (%) | 8.3 | 9.7 | 10.4 |
| Culture, Information, Sport and Religion (billion AMD) | 11.3 | 11.6 | 11.7 |
| Culture, Information, Sport and Religion / GDP (%) | 0.5 | 0.5 | 0.4 |
| Culture, Information, Sport and Religion / Total Expenditures (%) | 2.6 | 2.4 | 2.2 |
| Science (billion AMD) | 4.2 | 4.7 | 5.2 |
| Science / GDP (%) | 0.2 | 0.2 | 0.2 |
| Science / Total Expenditures (%) | 1.0 | 1.0 | 1.0 |
| Deficit / GDP (%) | 2.9 | 2.9 | 2.9 |
| | | | |
| CAB (excluding Official Transfers) / GDP (%) | -7.6 | -7.5 | -7.2 |
| Exports of Goods & Services (% change) | 9.6 | 9.6 | 9.6 |
| Imports of Goods & Services (% change) | 7.3 | 7.3 | 7.3 |
|
MACROECONOMIC FRAMEWORK for 2005
| By "Budget Message of the Government of RA for 2005"
Budget Law of RA was adopted on December 24, 2004
| | 2005 | | GDP (billion AMD) | 2,105.9 | | GDP (million USD) | 4,211.3 | | GDP Real Growth (%) | 8.0 | | | | | GDP Deflator (%) | 3.0 | | Inflation (end of period, %) | 3.0 | | Inflation (average, %) | 3.0 | | Exchange Rate (AMD/USD, average) | 500.1 | | Exchange Rate (AMD/EURO, average) | 664.8 | | | | | State Budget Total Revenues and Grants (bln AMD) | 345.3 | | State Budget Total Revenues and Grants / GDP (%) | 16.4 | | State Budget Tax Revenues and State Duties / GDP (%) | 14.7 | | State Budget Total Expenditures (bln AMD) | 394.6 | | State Budget Total Expenditures / GDP (%) | 18.7 | | State Budget Deficit / GDP (%) | 2.3 | | | | | CAB / GDP (%) | -5.6 | | Goods Balance (mln USD) | -481.6 | | Exports (mln USD) | 828.4 | | Exports (including services) / GDP (%) | 25.4 | | Imports (mln USD) | 1310 | | Imports (including services) / GDP (%) | 38.6 |
Note: All calculations based on 2004 preliminary data. |
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