NKR Budget own revenues increased by one-third

DeFacto Agency, Armenia
Nov 10 2006

NKR BUDGET OWN REVENUES INCREASED BY ONE-THIRD

January-September, 2006 the Nagorno-Karabakh Republic /NKR/ state
budget own revenues made 6 milliards 846 millions drams, which is 34,
2 % more as compared with the same period last year.
According to the information DE FACTO got at the NKR Ministry of
Finance and Economy, the budget revenues had been mainly ensured at
the expense of tax incomes, which made 81, 5 % of the revenues’ total
amount.
For the same period the state budget expenses made 16 milliards 981,
8 millions drams. During the 9 months of the current year 5 milliards
188, 2 millions drams were spent for capital expenditures, which is
70, 6 % more than the same period last year. As compared with the
same period 2005 current expenses for the salary of the state
institutions’ employees increased by 15, 5 % making 3 milliards 50, 4
millions drams.
For January – September, 2006 the NKR social insurance state fund’s
own revenues made 1 milliard 809 millions drams, which is 15, 3 %
more than the level of the same period last year.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS