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Armenia's Budgetary Incomes Reduced By 13.3% In January-May, 2008

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  • Armenia's Budgetary Incomes Reduced By 13.3% In January-May, 2008

    ARMENIA'S BUDGETARY INCOMES REDUCED BY 13.3% IN JANUARY-MAY, 2008

    /PanARMENIAN.Net/
    01.07.2009 12:05 GMT+04:00

    /PanARMENIAN.Net/ In January-May 2009, RA State Budget incomes
    comprised AMD 244.7 billion and expenditures comprised AMD 279.2
    billion. Such indices ensured the Government's quarterly program by
    75% and 73.85% respectively, RA Finance Ministry reports. It should be
    noted that budgetary incomes were fulfilled by 27.3% and expenditures -
    by 31.3%. In comparison with the same period of previous year, State
    Budget incomes were reduced by 13.3% or AMD 37.5 billion.

    Low budgetary revenues were conditioned by reduced amounts of tax and
    duty incomes (19.2% or AMD 45 billion). In comparison with the same
    period of previous year, compulsory social insurance payments and other
    incomes increased by 3% (AMD 1.1 billion) and 38.1% (AMD 3.9 billion)
    respectively. Official grants comprised about AMD 2.6 billion, in
    comparison with AMD 142.5 billion recorded last year. 77.4% of State
    Budget income was generated at the expense of taxes and duties, 15.8%
    - at the expense of compulsory social insurance payments and other
    incomes and 1.1% - at the expense of official grants. Under the law
    "On RA State Budget for 2009", budgetary revenues also included sums
    invested by the extra-budgetary funds of state organizations whose
    income comprised AMD 6.7 billion, in comparison with last year's AMD
    6 billion.
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