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Expenditures Of Armenian State Budget Grow By 24.3% In January-Novem

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  • Expenditures Of Armenian State Budget Grow By 24.3% In January-Novem

    EXPENDITURES OF ARMENIAN STATE BUDGET GROW BY 24.3% IN JANUARY-NOVEMBER 2008 ON SAME PERIOD OF PREVIOUS YEAR

    Noyan Tapan
    http://www.nt.am?shownews=1011255
    Jan 14, 2008

    YEREVAN, JANUARY 14, NOYAN TAPAN. Expenditures of the RA state
    budget amounted to 673.1 bln drams (more than 2 bln 201.1 mln USD)
    in January-November 2008. This amount made up 84.7% of the annual
    program of the government: in particular, the current expenditures
    made 572.2 bln drams, the operations with nonfinancial assets -
    100.9 bln drams. The index of expenditures was affected by the low
    index of expenditures on nonfinancial aseets (76.3%). According to
    the press service of the RA ministry of finance, the state budgetary
    expenditures grew by 24.3% or 131.4 bln drams as compared with the
    same months of 2007.

    86.8% (572.2 bln drams) of the annual program of current expenditures
    was implemented in January-November 2008. 49.8 bln drams of the
    current expenditures was allocated for salaries of employees of state
    institutions, which made up 83.3% of the annual program. 4.2 bln drams
    or 80.6% of the programmed annual index was allocated for compulsory
    social security payments. 113.5 bln drams (81.3% of the program) was
    allocated from the state budget for the purchase of goods and services.

    More than 10.1 bln drams (86.7% of the annual program) was allocated
    for servicing the state debt in the indicated period. Out of the
    indicated sum, 7.1 bln drams was provided for servicing of the domestic
    debt, and about 3.1 bln drams for servicing the foreign debt (87.1%
    and 85.7% respectively of the annual program).

    Subsidies of 20.1 bln drams were provided from the RA state budget in
    the first eleven months of 2008, which ensured the implementation of
    90.4% of the annual program. Grants made up 13.4% or 76.8 bln drams
    of the state budget's current expenditures in the indicated period,
    with the respective annual program being implemented by 92.8%.

    33.2% of the state budget's current expenditures was allocated for
    social benefits and pensions, which amounted to 189.9 bln drams or
    90% of the envisaged sum. 141.1 bln drams was allocated for pensions,
    48.8 bln drams - for benefits.

    The operations with nonfinancial assets made 100.9 bln drams or 74.2%
    of the annual program.
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