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Budgetary Expenditures On Goods And Service Purchase Increase By 13.

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  • Budgetary Expenditures On Goods And Service Purchase Increase By 13.

    BUDGETARY EXPENDITURES ON GOODS AND SERVICE PURCHASE INCREASE BY 13.6% IN JANUARY-OCTOBER 2006 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    Dec 06 2006

    YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, 148.9 bln
    drams (over 350 mln USD) was allocated from the RA state budget for
    the purchase of goods and services, which made up 54.3% of the state
    budget's current expenditures. The annual program was fulfilled by
    76.6%. According to the data of the RA Ministry of Finance and Economy,
    expenditures on purchase of goods and services increased by 13.6% on
    the same period of 2005, which was mainly conditioned by an increase
    in allocations for defence, education and health care.

    In the first ten months of this year, capital expenditures made more
    than 67.1 bln drams, which ensured the annual program's execution by
    74.4%. The state budget's capital expenditures grew by 32.9% or 16.6
    bln drams compared with January-October 2005, mainly conditioned by
    an increase in allocations for road services, housing and communal
    services and education. In the period under review, the crediting from
    the state budget amounted to 13.9 bln drams, with most of the money -
    about 13.7 bln drams being provided to the NKR. Loans of a total of
    120.4 mln drams were given to repressed citizens for the purpose of
    house construction. Out of the credits provided earlier, 810.2 mln
    drams was repaid to the state budget, about 174.4 mln drams of which
    was repaid by Georgia. As a result, the net crediting made 13.1 bln
    drams, which ensured the execution of the annual program by 80.5%. The
    net crediting from the state budget grew by 16.3% or over 1.8 bln
    drams on the same period of last year, mainly due to an increase in the
    interstate credit provided to the NKR from the 2006 state budget. In
    January-October 2006, 7.2 bln drams was allocated for the servicing
    of state debt, with the annual program being executed by 70%.

    4.2 bln drams of this sum was allocated for servicing the domestic
    debt, and 3 bln drams - for servicing the foreign debt. Expenditures on
    state debt servicing decreased by 13% on the same months of 2005. This
    year money was saved in connection with the decreased expenditures on
    both domestic and foreign debts servicing as a result of less issue
    of 6-month state bonds and the Armenian dram'a appreciation.
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