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Armenian Government Exceeds Projected Revenues Collection Target

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  • Armenian Government Exceeds Projected Revenues Collection Target

    ARMENIAN GOVERNMENT EXCEEDS PROJECTED REVENUES COLLECTION TARGET

    ARMENPRESS
    Aug 1, 2007

    YEREVAN, AUGUST 1, ARMENPRESS: Armenian government collected a total
    of 244.7 billion Drams in revenues in January-June and spent 228.2
    billion Drams, exceeding the projected target of revenue collection
    by 6. 4 percent, but failing to meet the projected spending target
    by 15 percent.

    According to finance and economy ministry, the amount of collected
    revenues in January-June rose almost 27 percent from a year ago. In
    terms of money the rise amounted to 51.6 billion Drams.

    Almost 44 percent of revenues came as taxes and dues, 6.2 billion as
    non-tax revenues and 4.7 billion Drams as transaction revenues.

    The ministry said official transfers declined 2.6 billion drams less
    from a year ago.

    It said 82.2 percent of revenues were taxes, state dues constituted
    3.7 percent and non-tax revenues made 9.6 percent.
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