Tweet
SUMMARY OF RECEIPTS AND OUTLAYS OF THE FIRST SEMESTER
Azat Artsakh Nagorno Karabakh Republic [NKR]
29 Aug 05
In the first half of 2005 NKR state budget receipts totaled 3470.8
million drams, surpassing the plan by 25.3 per cent. The receipts
have been accumulated from return on tax, state duties and non-tax
receipts. In the accounting period the budget outlays totaled 8467.6
million drams, which is 77.3 per cent of the plan. Since the first
half of the previous year the state budget receipts have grown by
32.1 per cent, totaling 842.5 million drams. Return on tax has grown
by 813.8 million drams, return on state duty by 64.9 million drams,
and non-tax receipts by 101.7 million drams. In the first half of
2005 the NKR state budget receipts have mainly come from return on
tax which comprises 74.5 % of total return. State duty comprises 5
per cent of budget receipts, other revenues 12 per cent, return on
capital transactions 8.5 per cent. In the past period return on tax
totaled 2587.4 million drams, which is 130 per cent of the plan. It
should be noted that tax collection exceeded the level maintained in
the law by approximately 597.1 million drams. Since the same period in
2004 return on tax has grown by 45.9 per cent. Against 48.6 per cent
of the first half of 2004, in the first half of 2005 the VAT comprised
53.8 per cent of return on tax, totaling 1388.6 million drams. The
VAT collection has grown by 61.2 per cent or 527.2 million drams since
the first half of 2004. Excise duty collection totaled 150.5 million
drams, comprising 5.8 per cent of return on tax against 9.8 per cent
in 2004. Income tax collection totaled 405.5 million drams, growing
by 58.6 per cent since 2004. The main reason for this growth is the
salary. Profit tax collection totaled 184.9 million drams, comprising
7.1 per cent of return on tax. Lump-sum tax collections totaled 74.4
million drams, which is 2.9 per cent of return on tax. Return on tax on
trade totaled 159 million drams, growing by 72 per cent or 66.5 million
drams since the first half of 2004. State duty totaled 172.8 million
drams, surpassing the semester plan by 11.7 per cent. Since the first
half state duty collection has grown by 60.2 per cent or 64.9 million
drams, the reason for which is the increase in the fees for state
registration, legal documents and licence. Non-tax receipts totaled
415.4 million drams. Since the first half of 2004 these have grown
by 32.4 per cent or 101.7 million drams, the reason for which is the
increase in payments of the rent for state property, including land,
share capital, and other non-tax income. State budget receipts from
capital transactions in the accounting period totaled 295.2 million
drams of which 138.7 million drams has come from the privatization
of the state property, 156.5 million drams from disposal of state
capital assets. In the first half of 2005 budget spending totaled
over 8467.5 million drams. 78.4 per cent was current expenditure
and 21.6 per cent capital expenditure. Since the first half of the
previous year expenditure has grown by 45 per cent or 2628.7 drams,
which is determined by the increase of expenditure on salaries,
social transfers, services and capital expenditure. The expenditure
plan of the first half of 2005 was implemented by 77.3 per cent and
in the framework of the allocations the applications for financing
presented and registered by government bodies were satisfied. In
the accounting period over 6637.3 million drams were allocated for
current expenditure, which is 73.8 per cent of the plan. 22.8 per
cent of current expenditure or 1512.2 million drams was directed at
the sphere of education and science, 25.8 per cent or 1712.2 million
drams was provided for social insurance and social security, 6.7 per
cent or 447.9 million to the health sector, 4.4 per cent or 292 million
drams to culture, information and sport. In the accounting period over
508.4 million drams was provided for subsidies, comprising 7.7 per cent
of current expenditure and 91.1 per cent of the semester plan. In the
first half of the current year social transfers totaled 1286.1 million
drams, which is 19.4 per cent of current expenditure and 75.8 per cent
of the semester plan. Social transfers are divided into three groups:
allowances 388.2 million drams, retirement benefit 308.8 million drams,
and subsidies to communities 217.2 million drams. Since the first half
of 2004 almost all the social transfers have increased. 3075.6 million
drams was spent for goods and services, which comprises 46.3 per cent
of current expenditure and 68.4 per cent of the plan. It has increased
by 46.6 per cent or 978.4 million drams since the same period of the
previous year. In the first half of 2005 capital expenditure totaled
1830.3 million drams, comprising 93.9 per cent of the plan. Since the
same period of the previous year capital expenditure has increased
2.5 times, by 1102.8 million. In the accounting period accumulation
of debts was prevented in all expenditures.
Azat Artsakh Nagorno Karabakh Republic [NKR]
29 Aug 05
In the first half of 2005 NKR state budget receipts totaled 3470.8
million drams, surpassing the plan by 25.3 per cent. The receipts
have been accumulated from return on tax, state duties and non-tax
receipts. In the accounting period the budget outlays totaled 8467.6
million drams, which is 77.3 per cent of the plan. Since the first
half of the previous year the state budget receipts have grown by
32.1 per cent, totaling 842.5 million drams. Return on tax has grown
by 813.8 million drams, return on state duty by 64.9 million drams,
and non-tax receipts by 101.7 million drams. In the first half of
2005 the NKR state budget receipts have mainly come from return on
tax which comprises 74.5 % of total return. State duty comprises 5
per cent of budget receipts, other revenues 12 per cent, return on
capital transactions 8.5 per cent. In the past period return on tax
totaled 2587.4 million drams, which is 130 per cent of the plan. It
should be noted that tax collection exceeded the level maintained in
the law by approximately 597.1 million drams. Since the same period in
2004 return on tax has grown by 45.9 per cent. Against 48.6 per cent
of the first half of 2004, in the first half of 2005 the VAT comprised
53.8 per cent of return on tax, totaling 1388.6 million drams. The
VAT collection has grown by 61.2 per cent or 527.2 million drams since
the first half of 2004. Excise duty collection totaled 150.5 million
drams, comprising 5.8 per cent of return on tax against 9.8 per cent
in 2004. Income tax collection totaled 405.5 million drams, growing
by 58.6 per cent since 2004. The main reason for this growth is the
salary. Profit tax collection totaled 184.9 million drams, comprising
7.1 per cent of return on tax. Lump-sum tax collections totaled 74.4
million drams, which is 2.9 per cent of return on tax. Return on tax on
trade totaled 159 million drams, growing by 72 per cent or 66.5 million
drams since the first half of 2004. State duty totaled 172.8 million
drams, surpassing the semester plan by 11.7 per cent. Since the first
half state duty collection has grown by 60.2 per cent or 64.9 million
drams, the reason for which is the increase in the fees for state
registration, legal documents and licence. Non-tax receipts totaled
415.4 million drams. Since the first half of 2004 these have grown
by 32.4 per cent or 101.7 million drams, the reason for which is the
increase in payments of the rent for state property, including land,
share capital, and other non-tax income. State budget receipts from
capital transactions in the accounting period totaled 295.2 million
drams of which 138.7 million drams has come from the privatization
of the state property, 156.5 million drams from disposal of state
capital assets. In the first half of 2005 budget spending totaled
over 8467.5 million drams. 78.4 per cent was current expenditure
and 21.6 per cent capital expenditure. Since the first half of the
previous year expenditure has grown by 45 per cent or 2628.7 drams,
which is determined by the increase of expenditure on salaries,
social transfers, services and capital expenditure. The expenditure
plan of the first half of 2005 was implemented by 77.3 per cent and
in the framework of the allocations the applications for financing
presented and registered by government bodies were satisfied. In
the accounting period over 6637.3 million drams were allocated for
current expenditure, which is 73.8 per cent of the plan. 22.8 per
cent of current expenditure or 1512.2 million drams was directed at
the sphere of education and science, 25.8 per cent or 1712.2 million
drams was provided for social insurance and social security, 6.7 per
cent or 447.9 million to the health sector, 4.4 per cent or 292 million
drams to culture, information and sport. In the accounting period over
508.4 million drams was provided for subsidies, comprising 7.7 per cent
of current expenditure and 91.1 per cent of the semester plan. In the
first half of the current year social transfers totaled 1286.1 million
drams, which is 19.4 per cent of current expenditure and 75.8 per cent
of the semester plan. Social transfers are divided into three groups:
allowances 388.2 million drams, retirement benefit 308.8 million drams,
and subsidies to communities 217.2 million drams. Since the first half
of 2004 almost all the social transfers have increased. 3075.6 million
drams was spent for goods and services, which comprises 46.3 per cent
of current expenditure and 68.4 per cent of the plan. It has increased
by 46.6 per cent or 978.4 million drams since the same period of the
previous year. In the first half of 2005 capital expenditure totaled
1830.3 million drams, comprising 93.9 per cent of the plan. Since the
same period of the previous year capital expenditure has increased
2.5 times, by 1102.8 million. In the accounting period accumulation
of debts was prevented in all expenditures.