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Tax Revenues Of RA State Budget Grow By 26.9% In First Quarter Of 20

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  • Tax Revenues Of RA State Budget Grow By 26.9% In First Quarter Of 20

    TAX REVENUES OF RA STATE BUDGET GROW BY 26.9% IN FIRST QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    May 08 2007

    YEREVAN, MAY 8, NOYAN TAPAN. In the first quarter of 2007, tax revenues
    made up 81.4% of the RA state budgetary revenues. State duties made
    up 3.8%, non-tax revenues - 10.5%, revenues from capital operations -
    4.1% and official transfers - 0.2%.

    According to data of the RA Ministry of Finance and Economy, in the
    indicated period tax revenues of the state budget amounted to over
    90.1 bln drams (more than 250.6 mln USD), which ensured fulfilment
    of the quarterly program by 99.9%. Tax revenues increased by 26.9%
    or 19.1 bln drams on the same period of 2006. High growth rates were
    registered with respect to all taxes (except excise tax).

    In the period under review, 49.5% of tax revenues was received at the
    expense of VAT which amounted to 44.6 bln drams. 25.93 bln drams of
    this sum was received from taxation on the borders of the RA, about
    18.63 bln drams - from domestic turnover of goods and services. VAT
    revenues of the state budget grew by 40% or 12.7 bln drams on the
    same period of last year.
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