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BUDGETARY TRANSFERS GROW BY 11.8% IN FIRST QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR
Noyan Tapan
May 09 2007
YEREVAN, MAY 9, NOYAN TAPAN. In the first quarter of 2007, current
transfers accounted for 28.3% or 21.8 bln drams (about 60.6 mln USD)
of current expnditures of the RA state budget: the quarterly program
was fulfilled by 94.6%.
According to data of the RA Ministry of Finance and Economy, 6.4 bln
drams of transfer allocations was spent on benefits, 4.5 bln drams -
on pensions, 4.4 bln drams - on subsidies provided by the principle
of equalization of commuities. The total amount of transfers grew by
11.8% on the same period of 2006, the growth of subsidies, pensions
and benefits made 20.6%, 9.2% and 6.1% respectively.
41.3 bln drams was allocated from the state budget for purchase of
goods and services, which made up 44.3% of current expenditures of the
RA state budget. The quarterly program of expenditures on purchase of
goods and services was fulfilled by 85.1%. Expenditures on purchase of
goods and services grew by 9.6% or 3.6 bln drams on the first quarter
of 2006, which was mainly conditioned by an increase in expenditures
on educational and health care services.
In the first quarter of 2007, more than 11.7 bln drams was allocated
from the state budget for financing the capital expenditures, whose
amount increased by 94.1% or about 5.7 bln drams on the same period
of last year. This growth was mainly conditioned by an increase of
capital expenditures on roads, water industry, defence, education
and social security.
In the period under review, crediting from the RA state budget amounted
to 4.3 bln drams (about 12 mln USD), with this sum being provided to
the Nagorno Karabakh Republic. Out of previously provided credits,
109.2 bln drams was paid back to the state budget in the indicated
period. As a result, net crediting made 4.2 bln drams. The amount of
net crediting from the state budget increased by 24.1% on the first
quarter of 2006 - conditioned by an increase of the interstate loan
provided to the NKR.
Noyan Tapan
May 09 2007
YEREVAN, MAY 9, NOYAN TAPAN. In the first quarter of 2007, current
transfers accounted for 28.3% or 21.8 bln drams (about 60.6 mln USD)
of current expnditures of the RA state budget: the quarterly program
was fulfilled by 94.6%.
According to data of the RA Ministry of Finance and Economy, 6.4 bln
drams of transfer allocations was spent on benefits, 4.5 bln drams -
on pensions, 4.4 bln drams - on subsidies provided by the principle
of equalization of commuities. The total amount of transfers grew by
11.8% on the same period of 2006, the growth of subsidies, pensions
and benefits made 20.6%, 9.2% and 6.1% respectively.
41.3 bln drams was allocated from the state budget for purchase of
goods and services, which made up 44.3% of current expenditures of the
RA state budget. The quarterly program of expenditures on purchase of
goods and services was fulfilled by 85.1%. Expenditures on purchase of
goods and services grew by 9.6% or 3.6 bln drams on the first quarter
of 2006, which was mainly conditioned by an increase in expenditures
on educational and health care services.
In the first quarter of 2007, more than 11.7 bln drams was allocated
from the state budget for financing the capital expenditures, whose
amount increased by 94.1% or about 5.7 bln drams on the same period
of last year. This growth was mainly conditioned by an increase of
capital expenditures on roads, water industry, defence, education
and social security.
In the period under review, crediting from the RA state budget amounted
to 4.3 bln drams (about 12 mln USD), with this sum being provided to
the Nagorno Karabakh Republic. Out of previously provided credits,
109.2 bln drams was paid back to the state budget in the indicated
period. As a result, net crediting made 4.2 bln drams. The amount of
net crediting from the state budget increased by 24.1% on the first
quarter of 2006 - conditioned by an increase of the interstate loan
provided to the NKR.