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Economy

Draft 2020 state budget submitted to Artsakh parliament

Today at the sitting of NA Standing Committee on Budget, Financial and Economic Management, the Minister of Finance of the Republic of Artsakh Artur Harutyunyan touched upon the economic environment formed in Artsakh this year and presented some macroeconomic forecasts.

Draft 2020 state budget submitted to Artsakh parliament

Draft 2020 state budget submitted to Artsakh parliament

STEPANAKERT, NOVEMBER 22, ARTSAKHPRESS:  Artur Harutyunyan noted that the budgetary policy of 2020 will be aimed at stimulating economic growth and gradual increase of economic growth potential in Artsakh.

He noted that the macroeconomic indicators for 2019 enable to expect higher economic growth rate this year than was projected by the 2019 draft state budget.

Referring to the 2020 draft state budget, Harutyunyan noted that the projected GDP for next year will make 375.6 billion drams, providing an 8% real growth.


     

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