Tweet
STATE BUDGETARY EXPENDITURES ON PENSIONS GROW 2.2FOLD IN JANUARY-FEBRUARY 2008 ON SAME MONTHS OF LAST YEAR
Noyan Tapan
April 3
YEREVAN, APRIL 3, NOYAN TAPAN. In January-February 2008, 42.5% of the
RA state budgetary expenditures was allocated for social allowances
and pensions, which amounted to 39.9 bln drams (over 129.6 mln USD)
or 77.3% of the quarterly program. In particular, 32 bln drams was
allocated for pensions and 7.9 bln drams - for allowances. Expenditures
on pensions grew 2.2fold on the same period of 2007 due to an increase
of the base pension and the value of one year of insurance length of
service, as a result of which the average monthly pension grew by 60%.
According to the RA ministry of finance and economy, operations
with nonfinancial assets of the state budget made 2.3 bln drams in
January-February 2008. In particular, expenditures on nonfinancial
assets made 5.1 bln drams, while revenues from alienation of
nonfinancial assets made over 2.7 bln drams. Expenditures on
nonfinancial assets remained at the same level as compared with
January-Feruary 2007, while revenues from alienation of nonfinancial
assets declined by 38.3%.
The state budget (without the inflow of resources under credit
programs financed from foreign sources) was executed with a 5.2 bln
dram surplus in the first two months of 2008. The domestic sources of
its financing (in negative expression) made 546.4 mln drams - against
19.9 bln drams last year, while foreign sources made 4.6 bln drams -
against 3.6 bln drams last year. Net revenues from borrowed funds
(securities) made up 5.8 bln drams of the domestic sources of deficit
financing. Available budgetary resources grew by 6.4 bln drams.
The crediting from the RA state budget made 3.6 bln drams in
January-February 2008, with all this sum being provided to the
NKR. This sum exceeded last year's index by 25.4%.
1,1 bln drams was allocated for redemption of external liabilities
in January-February 2008, 871.3 mln drams of which was allocated
for payment of the debt on the programs implemented with World Bank
assistance and 188.6 mln drams - for payment of commodity credit of
the U.S.
Noyan Tapan
April 3
YEREVAN, APRIL 3, NOYAN TAPAN. In January-February 2008, 42.5% of the
RA state budgetary expenditures was allocated for social allowances
and pensions, which amounted to 39.9 bln drams (over 129.6 mln USD)
or 77.3% of the quarterly program. In particular, 32 bln drams was
allocated for pensions and 7.9 bln drams - for allowances. Expenditures
on pensions grew 2.2fold on the same period of 2007 due to an increase
of the base pension and the value of one year of insurance length of
service, as a result of which the average monthly pension grew by 60%.
According to the RA ministry of finance and economy, operations
with nonfinancial assets of the state budget made 2.3 bln drams in
January-February 2008. In particular, expenditures on nonfinancial
assets made 5.1 bln drams, while revenues from alienation of
nonfinancial assets made over 2.7 bln drams. Expenditures on
nonfinancial assets remained at the same level as compared with
January-Feruary 2007, while revenues from alienation of nonfinancial
assets declined by 38.3%.
The state budget (without the inflow of resources under credit
programs financed from foreign sources) was executed with a 5.2 bln
dram surplus in the first two months of 2008. The domestic sources of
its financing (in negative expression) made 546.4 mln drams - against
19.9 bln drams last year, while foreign sources made 4.6 bln drams -
against 3.6 bln drams last year. Net revenues from borrowed funds
(securities) made up 5.8 bln drams of the domestic sources of deficit
financing. Available budgetary resources grew by 6.4 bln drams.
The crediting from the RA state budget made 3.6 bln drams in
January-February 2008, with all this sum being provided to the
NKR. This sum exceeded last year's index by 25.4%.
1,1 bln drams was allocated for redemption of external liabilities
in January-February 2008, 871.3 mln drams of which was allocated
for payment of the debt on the programs implemented with World Bank
assistance and 188.6 mln drams - for payment of commodity credit of
the U.S.