ARMENIA POSTS H1 BUDGET DEFICIT 1.6% OF SPENDING
Interfax
July 28, 2011
Russia
YEREVAN. July 28
Armenia exited the first half with a budget deficit of 6.6 billion
dram, or 1.6% of spending.
The country's senior treasurer, Deputy Finance Minister Atom
Dzhandzhugazyan said at a government meeting Thursday that budget
revenues for January-June came to around 399.3 billion dram (99.3%
of plan) and spending to 405.8 billion dram (88.5% of plan). The
budget plan for the half had the deficit at 56.3 billion dram.
Dzhandzhugazyan said the incomplete fulfillment of the revenue plan
was associated with the untimely receipt of foreign financing. The
government had in the first half been looking to receive grants
amounting to 7 billion dram, but only received 2.5 billion.
Armenia Prime Minister Tigran Sarkisyan said during the meeting that
the incomplete fulfillment of the spending part of the budget (by
40 billion dram) was prompted by structural reorganization within
the government.
"We always have problems with the spending part of the budget, in
that they are not implemented fully. And the first half of 2011 was
no exception," Sarkisyan said.
Among those structural changes, he mentioned ordering the activities
of offices in the realization of various programs, reducing their
number, and merging a series of state non-commercial organizations.
"As a result, in the first half we have prolonged spending that we
will do in the second half," Sarkisyan said.
Despite the under-fulfillment of the revenue and spending plan, that
for tax and customs collections for the budget was 0.003% over-met
at 314.8 billion dram, Dzhandzhugazyan said.
The official exchange rate for July 28: 364.42 dram/$1.
Cf Subject: Armenia Posts H1 Budget Deficit 1.6% Of Spending
ARMENIA POSTS H1 BUDGET DEFICIT 1.6% OF SPENDING
Interfax July 28, 2011 Russia
YEREVAN. July 28
Armenia exited the first half with a budget deficit of 6.6 billion
dram, or 1.6% of spending.
The country's senior treasurer, Deputy Finance Minister Atom
Dzhandzhugazyan said at a government meeting Thursday that budget
revenues for January-June came to around 399.3 billion dram (99.3%
of plan) and spending to 405.8 billion dram (88.5% of plan). The
budget plan for the half had the deficit at 56.3 billion dram.
Dzhandzhugazyan said the incomplete fulfillment of the revenue plan
was associated with the untimely receipt of foreign financing. The
government had in the first half been looking to receive grants
amounting to 7 billion dram, but only received 2.5 billion.
Armenia Prime Minister Tigran Sarkisyan said during the meeting that
the incomplete fulfillment of the spending part of the budget (by
40 billion dram) was prompted by structural reorganization within
the government.
"We always have problems with the spending part of the budget, in
that they are not implemented fully. And the first half of 2011 was
no exception," Sarkisyan said.
Among those structural changes, he mentioned ordering the activities
of offices in the realization of various programs, reducing their
number, and merging a series of state non-commercial organizations.
"As a result, in the first half we have prolonged spending that we
will do in the second half," Sarkisyan said.
Despite the under-fulfillment of the revenue and spending plan, that
for tax and customs collections for the budget was 0.003% over-met
at 314.8 billion dram, Dzhandzhugazyan said.
The official exchange rate for July 28: 364.42 dram/$1.
Interfax
July 28, 2011
Russia
YEREVAN. July 28
Armenia exited the first half with a budget deficit of 6.6 billion
dram, or 1.6% of spending.
The country's senior treasurer, Deputy Finance Minister Atom
Dzhandzhugazyan said at a government meeting Thursday that budget
revenues for January-June came to around 399.3 billion dram (99.3%
of plan) and spending to 405.8 billion dram (88.5% of plan). The
budget plan for the half had the deficit at 56.3 billion dram.
Dzhandzhugazyan said the incomplete fulfillment of the revenue plan
was associated with the untimely receipt of foreign financing. The
government had in the first half been looking to receive grants
amounting to 7 billion dram, but only received 2.5 billion.
Armenia Prime Minister Tigran Sarkisyan said during the meeting that
the incomplete fulfillment of the spending part of the budget (by
40 billion dram) was prompted by structural reorganization within
the government.
"We always have problems with the spending part of the budget, in
that they are not implemented fully. And the first half of 2011 was
no exception," Sarkisyan said.
Among those structural changes, he mentioned ordering the activities
of offices in the realization of various programs, reducing their
number, and merging a series of state non-commercial organizations.
"As a result, in the first half we have prolonged spending that we
will do in the second half," Sarkisyan said.
Despite the under-fulfillment of the revenue and spending plan, that
for tax and customs collections for the budget was 0.003% over-met
at 314.8 billion dram, Dzhandzhugazyan said.
The official exchange rate for July 28: 364.42 dram/$1.
Cf Subject: Armenia Posts H1 Budget Deficit 1.6% Of Spending
ARMENIA POSTS H1 BUDGET DEFICIT 1.6% OF SPENDING
Interfax July 28, 2011 Russia
YEREVAN. July 28
Armenia exited the first half with a budget deficit of 6.6 billion
dram, or 1.6% of spending.
The country's senior treasurer, Deputy Finance Minister Atom
Dzhandzhugazyan said at a government meeting Thursday that budget
revenues for January-June came to around 399.3 billion dram (99.3%
of plan) and spending to 405.8 billion dram (88.5% of plan). The
budget plan for the half had the deficit at 56.3 billion dram.
Dzhandzhugazyan said the incomplete fulfillment of the revenue plan
was associated with the untimely receipt of foreign financing. The
government had in the first half been looking to receive grants
amounting to 7 billion dram, but only received 2.5 billion.
Armenia Prime Minister Tigran Sarkisyan said during the meeting that
the incomplete fulfillment of the spending part of the budget (by
40 billion dram) was prompted by structural reorganization within
the government.
"We always have problems with the spending part of the budget, in
that they are not implemented fully. And the first half of 2011 was
no exception," Sarkisyan said.
Among those structural changes, he mentioned ordering the activities
of offices in the realization of various programs, reducing their
number, and merging a series of state non-commercial organizations.
"As a result, in the first half we have prolonged spending that we
will do in the second half," Sarkisyan said.
Despite the under-fulfillment of the revenue and spending plan, that
for tax and customs collections for the budget was 0.003% over-met
at 314.8 billion dram, Dzhandzhugazyan said.
The official exchange rate for July 28: 364.42 dram/$1.