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17.4% Growth Recorded In Revenues Of Armenia's State Budget

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  • 17.4% Growth Recorded In Revenues Of Armenia's State Budget

    17.4% GROWTH RECORDED IN REVENUES OF ARMENIA'S STATE BUDGET

    PanARMENIAN.Net
    April 29, 2010 - 10:17 AMT 05:17 GMT

    The incomes of Armenia's state budget totaled AMD164.1bln during the
    first quarter of 2010, while the expenditures - 170.1bln, securing
    fulfillment of the government's clarified program for the first quarter
    by 107.2% and 90.5% respectively. According to the annual program,
    the budget indexes for incomes and expenditures are fulfilled by
    22.6% and 19.9% respectively, the RA Ministry of Finances reported
    in a summarized description of the state budget fulfillment during
    the first quarter of 2010.

    Armenia's state budget revenues grew by 17.4% or AMD 24.3bln during
    the first quarter of 2010, as compared with the same period of last
    year. Specifically, 19.6% (25.1 billion) growth was recorded in taxes,
    fees and payments for the compulsory social insurance, while the
    other revenues increased by 9.4% or 859.1 billion. At the same time,
    the revenues for official grants reduced by 68.2% or 1.7 billion.

    Taxes, fees and payments for the compulsory social insurance formed
    93.4% of the state budget revenues, while other revenues totaled 6.1%
    and official grants - 0.5% of it.

    Taxes and fees at the amount of 127.1 billion entered the Armenian
    state budget during the first quarter of 2010, securing 108%
    fulfillment of the quarterly program.

    10.9% (16.7 billion) growth was recorded in the state budget
    expenditures during the reported period that is basically conditioned
    by increase in expenditures for non-financial assets, state debt
    service and payment of allowances, as well as by reduction in proceeds
    from alienation of non-financial assets.
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