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Overall State Revenue Increases By 21,8%

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  • Overall State Revenue Increases By 21,8%

    OVERALL STATE REVENUE INCREASES BY 21,8%

    Aysor
    March 29 2010
    Armenia

    Overall state revenue in January-February of 2010, as reported by
    Armenia's Ministry of Finance, increased by 21,8% (18,5 billion drams)
    in comparison with the same period of the previous year. Officials
    increased taxes and fees by 19%, social insurance payments by 28,1%,
    and other revenues by 50,5%.

    According to officials, in the announced period government revenue
    plan of 2010 is implemented by 14,3%, and government expenses of the
    2010 plan are implemented by 12,6%.

    State revenue for January-February of 2010 showed 103,1 billion drams
    (this is the government plan's implementation by 68,3%), and state
    expenses for the same period showed 106,2 billion drams (this is the
    57,5% of the government plan for 2010.)
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