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13.5 Bln Drams To Be Pumped Into Armenia's State Budget

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  • 13.5 Bln Drams To Be Pumped Into Armenia's State Budget

    13.5 BLN DRAMS TO BE PUMPED INTO ARMENIA'S STATE BUDGET

    ARKA
    July 10
    YEREVAN

    Armenia's Government has made a decision to bolster the state budget
    by 13.5bln drams ($44.4mln). RA Minister of Finance Tigran Davtyan
    said the state budget had increased by 13.5bln drams by June 1 thanks
    to tax proceeds.

    "Budget expenditures will rise thanks to a 0.8bln ($2.6mln) drams
    rise of tax proceeds from the RA State Tax Service and 12.7bln
    drams ($41.8mln) growth of the RA Customs Committee's receipts,"
    the Minister said.

    The RA Parliament enacted law on the RA state budget in November
    2007. The budget revenue and expenditures total 746bln drams and
    822bln drams respectively, with the deficit being 76bln drams.

    The RA Government forecasts 4% (±1.5%) inflation and 10% GDP growth
    this year. ($1 - 302.62 drams)

    --Boundary_(ID_Lg4nc1oSudCTcLrMvGN8LQ)--
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