RA State Budgetary Tax Revenues Grow By 28.2% In January-February 20

[Tavakalian Edgar]

RA STATE BUDGETARY TAX REVENUES GROW BY 28.2% IN JANUARY-FEBRUARY 2007 ON SAME MONTHS OF LAST YEAR

Noyan Tapan
Apr 03 2007

YEREVAN, APRIL 3, NOYAN TAPAN. In January-February 2007, tax revenues
of the RA state budget made over 60.6 bln drams (about 168.4 mln
USDF), which ensured the fulfilment of the first quarter's program
by 67.2%. According to the RA Ministry of Finance and Economy,
tax revenues grew by 28.2% or 13.3 bln drams on the same months of
2006. A growth of revenues was registered with respect to all taxes,
except excise tax. VAT amounted to 31.7 bln drams or 52.3% of tax
revenues. 17.7 bln drams of this sum was received from taxation on
the RA borders, 14 bln drams - from domestic turnover of goods and
services. VAT revenues grew by 43.2% or 9.6 bln drams on the same
period of 2006. Taxes from import and domestic turnover increased
by 23.5% and 79.7% respectively. 8.3% of tax revenues of the state
budget was at the expense of excise tax, which amounted to over 5
bln drams. Particularly, 3.7 bln drams was received from taxation
of imported goods subject to excise tax, 1.6 bln drams of which was
received from taxation of imported gasoline and diesel fuel and 1.6
bln drams - from taxation of imported cigarettes. State budgetary
revenues from taxation of goods produced in Armenia and subject to
excise tax made 1.3 bln drams, 302.2 mln drams of which was received
from domestic producers of cigarettes.

Excise tax revenues declined by 22.5% or 1.5 bln drams on the same
period of last year, which is mainly conditioned by a decline in
import of cigarettes and gasoline, as well as by a decline in local
production (sales) of cigarettes.