Interfax News Agency
Russia & CIS Business and Financial Newswire
February 1, 2007 Thursday 4:59 PM MSK
Armenian budget deficit at 0.6% of GDP in 2006
The Armenian budget deficit was 15.358 billion dram, or 0.6% of GDP,
in 2006, a source in the National Statistics Service told Interfax.
Revenue and official budget transfers totaled 439.62 billion dram, or
16.5% of GDP in 2006, which was a growth of 17.9% from 2005. Tax
revenue grew 18.2% to 359.71 billion dram, or 13.5% of GDP.
Budget spending rose 15.1% to 454.978 billion dram, or 17.1% of GDP,
in 2006. Official transfers were 89.532 billion dram, capital
spending was 89.228 billion dram and government loans were 15.974
billion dram.
Military spending was 2.9% of GDP. Spending on education and science
was 2.7% of GDP and spending on social insurance and social support
was 2% of GDP.
The official exchange rate on February 1 was 358.8 dram/$1.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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