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RA State Budget Surplus Makes 2 Bln 151.7 Mln Drams In January-March

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  • RA State Budget Surplus Makes 2 Bln 151.7 Mln Drams In January-March

    RA STATE BUDGET SURPLUS MAKES 2 BLN 151.7 MLN DRAMS IN JANUARY-MARCH 2006

    Noyan Tapan
    May 10 2006

    YEREVAN, MAY 10, NOYAN TAPAN. In January-March 2006, the RA state
    budget revenues and official transfers made 82 bln 109.1 mln drams
    (about 182.4 mln USD), exceeding the respective index of 2005 by
    6%. According to preliminary data of the RA Ministry of Finance and
    Economy, in January-March 2006, expenditures of 79 bln 957.4 mln drams
    (including expenditures of the Program Implementation Office (PIO)
    of the ministry - 85 bln 315.6 mln drams) were made at the expense of
    the RA state budget resources. The RA state budget surplus amounted
    to 2 bln 151.7 mln drams, its deficit (including PIO resources)
    - 3 bln 206.5 mln drams. According to the RA National Statistical
    Service, in the first quarter of 2006, the current revenues of the
    state budget made 79 bln 114.9 mln drams (a 6.8% increase compared
    with January-March of last year), including tax revenues of 70 bln
    888.1 mln drams (a 16.2% increase), in which land tax accounted
    for the largest increase of 180% (land tax revenues made 6.3 mln
    drams). In January-March 2006, the budget expenditures on salary
    payment amounted to 7 bln 728.7 mln drams (a 25% increase), interest
    rate payment on domestic debt - 1 bln 387.1 mln drams (a 39.8%),
    interest rate payment on foreign debt - 1 bln 60.3 mln drams (a 10.1%
    decline). The transfer expenditures in the first quarter made 19
    bln 498.9 mln drams (a 24.7% increase), including benefits of 6 bln
    13.9 mln drams (a 15.1% increase), scholarships of 296.6 mln drams
    (a 21.3% increase), compulsory social payments of 705.4 mln drams
    (a 27.3%), pensions of 4 bln 94.2 mln drams (a 8.5% increase),
    and other transfer expenditures of 8 bln 388.8 mln drams (a 43.8%
    increase). In January-March 2006, the budget expeditures on purchase
    of goods and services made 37 bln 653.4 mln drams (a 25% increase),
    capital expenditures - 6 bln 51.1 mln drams (a 71.3% increase),
    and net crediting amounted to 3 bln 365.4 mln drams (a 20.3% increase).
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