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ARMENIA'S FIRST FIVE MONTHS BUDGET PERFORMED WITH A 6.7 BILLION DRAM DEFICIT
/ ARKA /
June 22, 2011
YEREVAN
YEREVAN, June 22, /ARKA/. Armenia's first five months budget this year
has been performed with a 6.7 billion drams deficit, down from the
projected 56.2 billion drams, the ministry of finance said in a report.
According to official data, revenues grew by 8.9% year-on-year or by
26.6 billion drams to 325.7 billion drams as of late May 2011. Some
95% of the revenues were collected as taxes, state dues and mandatory
payments and some 5.1% were reported as other revenues and 0.1%
as official grants.
Some 258.6 billion drams were said to have been collected as taxes
and state dues, 82.1% of the amount projected for the first half of
the year. According to the report, tax and customs due collection
rose by 10.2% or 23.9 billion drams if compared to the first five
months of 2010, primarily due to improved VAT, income and profit tax
collection rates.
Expenditures were said to have grown by 7.2% year-on-year or 22.4
billion drams to 332.4 billion drams, 72.% of the projected amount
for the first half of the year. Some 304 billion drams were reported
as current expenditures, 74.2% of the projected rate. Compared to
the first five months of 2010 they rose by 6.8% or 19.3 billion drams.
Of total expenditures 28.4 billion drams were channeled into payment
of public sector salaries and 2 billion drams as mandatory social
payments. These figures represented a 77.9 and 71.9%. rise from a
year before respectively. The government also released 13.1 billion
drams to pay Armenia's state debt. Of that amount 9.7 billion drams
were released for payment of foreign debt and 3.4 billion drams for
payment of domestic debt.
From: Baghdasarian
/ ARKA /
June 22, 2011
YEREVAN
YEREVAN, June 22, /ARKA/. Armenia's first five months budget this year
has been performed with a 6.7 billion drams deficit, down from the
projected 56.2 billion drams, the ministry of finance said in a report.
According to official data, revenues grew by 8.9% year-on-year or by
26.6 billion drams to 325.7 billion drams as of late May 2011. Some
95% of the revenues were collected as taxes, state dues and mandatory
payments and some 5.1% were reported as other revenues and 0.1%
as official grants.
Some 258.6 billion drams were said to have been collected as taxes
and state dues, 82.1% of the amount projected for the first half of
the year. According to the report, tax and customs due collection
rose by 10.2% or 23.9 billion drams if compared to the first five
months of 2010, primarily due to improved VAT, income and profit tax
collection rates.
Expenditures were said to have grown by 7.2% year-on-year or 22.4
billion drams to 332.4 billion drams, 72.% of the projected amount
for the first half of the year. Some 304 billion drams were reported
as current expenditures, 74.2% of the projected rate. Compared to
the first five months of 2010 they rose by 6.8% or 19.3 billion drams.
Of total expenditures 28.4 billion drams were channeled into payment
of public sector salaries and 2 billion drams as mandatory social
payments. These figures represented a 77.9 and 71.9%. rise from a
year before respectively. The government also released 13.1 billion
drams to pay Armenia's state debt. Of that amount 9.7 billion drams
were released for payment of foreign debt and 3.4 billion drams for
payment of domestic debt.
From: Baghdasarian