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LAW OF THE REPUBLIC OF ARMENIA

of November 26, 2018 No. ZR-421

About the government budget of the Republic of Armenia for 2019

Accepted by National Assembly of the Republic of Armenia on November 22, 2018

(as amended on 05-09-2019)

Article 1. Take into consideration that:

1) the cumulative budget of the Republic of Armenia for 2019 is estimated:

and. as regards the income - 1.539,5 billion dram (without receipts from interbudget transfers);

. as regards expenses - 1.691,1 billion dram (without interbudgeted expenses);

century deficit (shortage) - 151,6 of one billion dram;

2) local authority budgets of the Republic of Armenia for 2019 are estimated:

and. as regards the income - 139,6 of one billion dram (including official grants from the government budget);

. as regards expenses - 139,6 of one billion dram.

Article 2. The government budget of the Republic of Armenia for 2019:

Amount (thousands of dram)

1. As regards the income

1.496.463. 122,3

2. As regards expenses

1.648.063. 122,3

3. Deficit (shortage)

151.600. 000,0

Article 3. For 2019 to allocate funds from the following sources for financing of deficit (shortage) of the government budget of the Republic of Armenia:

Sources of financing of deficit (shortage) of the government budget

Amount (thousands of dram)

In total

151.600. 000,0

including:

A. Internal sources

54.078. 245,8

B. External sources

97.521. 754,2

Article 4. To Central Bank of the Republic of Armenia: during 2019, making decisions on monetary policy within the competences assigned by the law to be guided by target indicators in the admissible range of fluctuations of percent point 4 +/-1.5 12-month inflations.

Article 5. To the government of the Republic of Armenia and Central bank of the Republic of Armenia: to perform financing of deficit (shortage) of the government budget by the Central bank of the Republic of Armenia within 2019 fiscal years exclusively according to the procedure, established by the Law of the Republic of Armenia "About the Central bank of the Republic of Armenia".

Article 6. Approve the income of the government budget of the Republic of Armenia for 2019 on separate groups of classification of sources of forming in the following sizes:

Income of the government budget

Amount (thousands of dram)

In total

1.496.463. 122,3

including:

Tax income and state fees

1.401.875. 600,6

Official credits

39.464. 914,4

Other incomes

55.122. 607,3

 Article 7. Determine that:

1) within January, 2020 the Government of the Republic of Armenia (further - the Government) will not continue implementation of registrations of transactions as regards obligations for budget 2019;

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