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Interfax News Agency
Russia & CIS Business and Financial Newswire
February 1, 2007 Thursday 4:59 PM MSK
Armenian budget deficit at 0.6% of GDP in 2006
The Armenian budget deficit was 15.358 billion dram, or 0.6% of GDP,
in 2006, a source in the National Statistics Service told Interfax.
Revenue and official budget transfers totaled 439.62 billion dram, or
16.5% of GDP in 2006, which was a growth of 17.9% from 2005. Tax
revenue grew 18.2% to 359.71 billion dram, or 13.5% of GDP.
Budget spending rose 15.1% to 454.978 billion dram, or 17.1% of GDP,
in 2006. Official transfers were 89.532 billion dram, capital
spending was 89.228 billion dram and government loans were 15.974
billion dram.
Military spending was 2.9% of GDP. Spending on education and science
was 2.7% of GDP and spending on social insurance and social support
was 2% of GDP.
The official exchange rate on February 1 was 358.8 dram/$1.
From: Emil Lazarian | Ararat NewsPress
Russia & CIS Business and Financial Newswire
February 1, 2007 Thursday 4:59 PM MSK
Armenian budget deficit at 0.6% of GDP in 2006
The Armenian budget deficit was 15.358 billion dram, or 0.6% of GDP,
in 2006, a source in the National Statistics Service told Interfax.
Revenue and official budget transfers totaled 439.62 billion dram, or
16.5% of GDP in 2006, which was a growth of 17.9% from 2005. Tax
revenue grew 18.2% to 359.71 billion dram, or 13.5% of GDP.
Budget spending rose 15.1% to 454.978 billion dram, or 17.1% of GDP,
in 2006. Official transfers were 89.532 billion dram, capital
spending was 89.228 billion dram and government loans were 15.974
billion dram.
Military spending was 2.9% of GDP. Spending on education and science
was 2.7% of GDP and spending on social insurance and social support
was 2% of GDP.
The official exchange rate on February 1 was 358.8 dram/$1.
From: Emil Lazarian | Ararat NewsPress