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Armenian parliament passes 2006 state budget

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YEREVAN, November 11 (RIA Novosti, Gamlet Matevosyan) - The Armenian parliament approved the state budget for 2006 Friday.

The budget assumes revenues of $982 million, or 17.2% of GDP. Expenditure is planned at $1 billion, or 20.1% of GDP, implying a deficit of $166 million.

GDP growth is expected at 7.5% and inflation at 3%.

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