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Armenia posts budget surplus of 0.7% of GDP in H1

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  • Armenia posts budget surplus of 0.7% of GDP in H1

    Armenia posts budget surplus of 0.7% of GDP in H1

    Interfax
    Aug 16 2005

    YEREVAN. Aug 16 (Interfax) - Armenia posted a budget surplus of 5.144
    billion dram, or 0.7% of GDP, in the first half of 2005, the National
    Statistics Service told Interfax.

    Revenue was 160.252 billion dram, or 22.7% of GDP, and that was 26.4%
    more than in the first half of 2004.

    Tax revenue came to 132.597 billion dram, or 18.8% of GDP, a 21.1%
    year-on-year increase.

    Budget spending during the period totaled 155.108 billion dram, or 22%
    of GDP, up 28.4% year-on-year.

    The official exchange rate was 457.47 dram/$1 on August 16. [AM ASIA
    EUROPE EEU EMRG MCE ECI RES] rm
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