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Non-Tax Revenues Of Ra State Budget Increase 2.6fold In First Quarte

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  • Non-Tax Revenues Of Ra State Budget Increase 2.6fold In First Quarte

    NON-TAX REVENUES OF RA STATE BUDGET INCREASE 2.6FOLD IN FIRST QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    May 09 2007

    YEREVAN, MAY 9, NOYAN TAPAN. In January-March 2007, non-tax revenues
    of the RA state budget made 11.6 bln drams (about 32.3 mln USD),
    as a result of which the quarterly program was fulfilled by 207.4%
    and the index of the same period of 2006 was exceeded 2.6fold.

    According to data of the RA Ministry of Finance and Economy, the growth
    in non-tax revenues was mainly conditioned by payment of 4 bln 613 mln
    drams under the reconciliation agreement signed between ArmenTel CJSC
    and the Armenian government, as well as by an increase in interest
    payments received from placement of available resources. Their amount
    made 771.5 mln drams, exceeding by 740 mln drams the index of the
    first quarter of 2006.

    Besides, a growth in non-tax revenues was also registered with
    respect to revenues from lease of state institutions and property
    (except for land) - (a growth by 39.1% or 18.4 mln drams), interest
    paid by residents for the use of state loans (a growth of 32.7% or 34
    mln drams), as well as with respect to revenues from penalties used
    by executive and court bodies for various offences (a growth of 24.7%
    or 98.2 mln drams).

    A decline in non-tax revenues compared with the same period of last
    year was registered with respect to monetary resources transferred
    to the state as donation, and revenues from alienation of property
    not representing fixed assets or material assets, which amounted to
    29.8 mln drams, which was less by 597.2 mln drams than the respective
    index of last year. This is due to the fact that donation of 511 mln
    drams was made to the Armenian government by Armenia - International
    Airports CJSC for servicing the EBRD credit program of Zvartnots cargo
    complex. Without this sum, the decline in the indicated revenues made
    74.3% or 86.3 mln drams.
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