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Revenues Of Armenia's State Budget Grow By 22.3% In January 2010 On

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  • Revenues Of Armenia's State Budget Grow By 22.3% In January 2010 On

    REVENUES OF ARMENIA'S STATE BUDGET GROW BY 22.3% IN JANUARY 2010 ON SAME MONTH OF 2009

    Noyan Tapan
    March 3, 2010

    YEREVAN, MARCH 3, NOYAN TAPAN. Revenues of the RA state budget
    amounted to 51.1 billion drams (about 5 million 185.8 thousand),
    while expenditures made 38.6 billion drams in January 2010, as a
    result of which the first quarter program approved by the government
    was executed by 34.6% and 21.4% respectively. The annual programmed
    indices of the state budget were executed by 7.2% (revenues) and 4.6%
    (expenditures).

    The RA Ministry of Finance reported that state budget revenues grew by
    22.3% or 9.3 billion drams as compared with January 2009. Taxes and
    duties grew by 14.6% (5.1 billion drams), complusory social payments
    by 41.7% (2 billion drams), and other revenues grew 2.1-fold or by
    2.2 billion drams.

    Taxes and duties made 78.6%, compulsory social security payments
    - 13.3%, and other revenues - 8.1% of the revenues of the state
    budget of Armenia. Under Article 9 Point 11 of the RA Law on the 2010
    State Budget of the Republic of Armenia, financial resources of state
    institutions' off-budget funds, whose revenues amounted to 1.3 billion
    drams in the reporting period, were also included in the state budget.
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