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Armenian State Budgetary Expenditures Increase By 8.4% In January 20

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  • Armenian State Budgetary Expenditures Increase By 8.4% In January 20

    ARMENIAN STATE BUDGETARY EXPENDITURES INCREASE BY 8.4% IN JANUARY 2007 ON SAME MONTH OF LAST YEAR

    Noyan Tapan
    Mar 02 2007

    YEREVAN, MARCH 2, NOYAN TAPAN. In January 2007, expenditures of
    18.6 bln drams (about 44 mln USD) were made at the expense of the RA
    state budgetary resources. 79.6% of allocated resources was spent on
    current expenditures, 12.7% - on capital expenditures, 7.7% - on net
    crediting. According to the RA Ministry of Finance and Economy, the
    RA budgetary expenditures grew by 8.4% or 1.8 bln drams on January
    2006. This growth is mainly conditioned by an increase in capital
    expenditures and transfers. Current expenditures made up the largest
    share of budgetary expenditures - 14.8 bln drams was allocated for
    their financing. Current expenditures grew by 1.1% or 161.1 mln
    drams on the same month of last year. 7.4% of current expenditures
    was spent on payment of salaries of state institution employees,
    which amounted to 1.1 bln drams.

    Expenditures on salary exceeded by 2% the respective allocations
    in 2006. Subsidies of 399 mln drams (2.7% of current expenditures)
    were provided from the state budget in January 2007. These subsidies
    decreased by 37.2% or 236.1 mln drams compared with respective index
    of 2006, which is mainly conditioned by the fact that payments of
    sums envisaged for January were mostly made in February.
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