Yerevan/Mediamax/. The Armenian government expects 4.2% economy growth in 2012 against the 4.6% growth registered in 2011.

The Armenian Prime Minister said this presenting Armenia’s draft state budget at the joint session of parliamentary commissions today.

“By planning a lower growth index, first of all we take into account the external challenges and risks as well as assessments made by international organizations. In particular, the world economy deteriorated in 2011”, said the Prime Minister.

“Economic forecasts of the Russian Federation where the 4% growth index was taken as basis as well are most important for us. Our forecasts were based on the common environment in the first place. Simultaneously, the decrease in the planned index of economic growth makes the indices of our state budget more realistic. We should accumulate resources to face the possible new challenges”, noted the Prime Minister.