Revenues of NKR State Budget Increase by 46.8% in H1/04

[Nadirian Emma]

IN FIRST HALF OF 2004 REVENUES OF NKR STATE BUDGET INCREASE BY 46.8%
IN COMPARISON WITH SAME PERIOD OF LAST YEAR

STEPANAKERT, August 25 (Noyan Tapan). In the first half of this year
the revenues of the NKR state budget made 7892.3 mln drams, which
exceeds by 46.8% the index of same period of last year. Current
incomes made 83.8%, and incomes received from capital transactions
made 16.2%, in comparison with the same period of last year their
growth made 78.6% and 2.8-fold, respectively. Revenues to the state
budget on the line of profit tax made 211.2 mln drams, or increased by
over 17% in comparison with the same period of 2003. Revenues on the
line of income tax made 255.7 mln drams, or 14.4% of tax revenues of
the budget. In the first half of 2004, the expenditures of the state
budget made 5,839 mln drams, which increased by 27.4% as compared with
the same index of last year. Revenues of the communal budgets and
transfers made 343.7 mln drams, which increased by 31.8% in comparison
with the first half of 2003. According to the NKR National Statistical
Service, in the first half of 2004 the total revenues of the NKR state
pension fund made about 1997.5 mln drams, which is more by 37.4% in
comparison with the same period of last year.