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Armenian Parliament passes 2007 Budget

30 November 2006 10:02 (UTC +04:00)

The deficit in the poor Armeniaâ€™s budget blueprint amounts to 2.3 percent of gross domestic product. The GDP growth is expected to reach 9 percent over 2006, inflation rate 4 percent.
Armeniaâ€™s foreign debt will reach $1.3bn, state debts $196m.
Its military spending will amount to some $280m that is expected to reach 3.5% of the GDP. Armenian military officersâ€™ average salary will reach $462 next year.
Defense and security spending in Azerbaijan whose territory was occupied by neighboring Armenia are set at more than $1 billion. /APA/