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Armenia's State Budget Fulfilled For 65.1% For Incomes And 61% For E

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  • Armenia's State Budget Fulfilled For 65.1% For Incomes And 61% For E

    ARMENIA'S STATE BUDGET FULFILLED FOR 65.1% FOR INCOMES AND 61% FOR EXPENSDITURES

    ARKA News Agency, Armenia
    Sept 29 2006

    YEREVAN, September 29. /ARKA/. According to the results of
    January-August 2006, the annual program of Armenia's state budget for
    2006 is fulfilled for 65.1% for incomes and 61% for expenditures, the
    press service of the Armenian Ministry of Finance and Economy reported.

    According to it, the state budget incomes for the first eight
    months of 2006 totaled about AMD 269bln, and the expenditures -
    AMD 277.2bln. Compared to the corresponding period of 2005, the state
    budget incomes increased by 18.5% or over AMD 42bln, and the expenses -
    by 22.4% or AMD 50.8bln.

    According to the press service, the budget program for nine months,
    approved by the Armenian government, has been already implemented by
    90.9% and 79.7% respectively.

    As a result, the state budget deficit in January-August 2006 totaled
    AMD 8.2mln.

    The state budget financing owing to internal resources totaled AMD
    3.7bln, and AMD 4.5bln - owing to external resources. The state
    budget financing owing to the treasury bonds totaled AMD 3.3bln (AMD
    20.6bln of issue, AMD 17.3bln of payment). AMD 97.2bln was allocated
    for payment of bill, and AMD 464.9mln were used from the balance of
    budget spare funds.

    At the same time, about AMD 9.2bln ($20mln) was received from the
    World Bank under the loan program on poverty reduction. AMD 4.7bln
    was allocated from the state budget for external liabilities: the
    EBRD - AMD 1.8bln, World Bank - AMD 2.1bln, and the U.S. Government
    - 749.8mln.

    The Armenian parliament adopted the law "On State Budget for 2006" on
    November 11, 2005. The budget revenues totals AMD 497bln, the budget
    expenditures - AMD 566.8bln, and the budget deficit - AMD 69.8bln.

    ($1 - AMD 382.16).
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