RA Finance Minister Vache Gabrielyan told a cabinet session today that in the first seven months of 2012, state revenues amounted to 489.6 billion AMD and expenses were 503.9 billion.

Gabrielyan said that taxes and state fees amounted to 475 billion.  

The Finance Minister said that inflation over the seven month period stood at 2.2% and that this was much less than the same period in previous years.