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NKR: State Budget 2004 Under Consideration

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  • NKR: State Budget 2004 Under Consideration

    STATE BUDGET 2004 UNDER CONSIDERATION
    Srbuhi Vanian.

    Azat Artsakh Nagorno Karabakh Republic [NKR]
    31 Aug 05

    On August 29 the joint meeting of standing committees of the National
    Assembly took place. The meeting was conducted by Vice Speaker Rudik
    Hyusnunts.

    Representatives of the government were invited to the meeting of
    the standing committees. The report on the state budget of 2004
    was presented at the meeting, which should have been discussed by
    the previous parliament. The last meeting of the National Assembly
    failed because there was no quorum. The NKR minister of economy and
    finance presented in brief the performance of the state budget. He
    mentioned that the budget receipts in 2004 were in surplus, totaling
    4590191.2 thousand drams; the surplus was 990191.2 thousand drams. The
    applications for financing expenditure were covered 100 per cent. GDP
    totaled 42800000 thousand drams, increasing since the previous year
    by 18.2 per cent. The social insurance tax collections were 95.2 per
    cent. The return on tax was low for the part of land lease and rents
    (63.1 per cent), and the total return on tax was 89.5 per cent. The
    minister of finance informed that the plan of financing state budget
    deficit was not implemented by 25 per cent and resulted in the failure
    of the plan of deficit. By January 1st of the current year arrears
    totaled 396188.3 thousand drams, increasing by 18.6 per cent since
    the previous year. 98.9 per cent of the reserve funds were spent. The
    chairman of the standing committee of finance, budget and economic
    management Arayik Harutyunian gave a good evaluation of the budget
    performance and mentioned that in future, apart from the report,
    it will be necessary to present to the parliament a reference or
    statement on the results of the social and economic programme. He
    made observations on the scarcity of financial means directed at the
    development of the economy, and mentioned that there is need for
    greater investments in this sphere. A. Harutyunian also mentioned
    that the government did not implement the agricultural programmes
    adequately. "The state policy for irrigation systems needs to be
    changed. It is necessary to supply money for implementation of definite
    programmes instead of projections," said the member of parliament in
    answer to the minister of town planning B. Alakhverdian' s comment on
    the implementation of the programmes of improvement of the irrigation
    systems. S. Tevossian said that the government is ready to provide
    the parliament with additional information if necessary and discuss
    their proposals and observations on different levels.
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