Current Expenditures Of State Budget Grow By 13.9% In January-May 20

CURRENT EXPENDITURES OF STATE BUDGET GROW BY 13.9% IN JANUARY-MAY 2007 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Jun 29 2007

YEREVAN, JUNE 29, NOYAN TAPAN. In January-May 2007, the state budgetary
expenditures made over 183 bln drams (over 509.6 mln USD). 79.1% of
allocated funds was spent on financing of current expenditures, 16.7%
on financing of capital expenditures, and 4,2% – on net crediting.

Accoridng to the RA Ministry of Finance and Economy, the state
budgetary expenditures grew by 17.9% or over 27.7 bln drams on the same
period of last year. The growth was mainly conditioned by an increase
in capital expenditures, transfers and expenditures on services.

In the period under review, 144.8 bln darms was allocated for
financing of current expenditures, which ensured 73.9% fulfilment of
the program for first half of 2007. Current expenditures grew by 13.9%
or 17.7 bln drams on the same period of last year.

10.8% of current expenditures was spent on payment of state institution
employees’ salaries, which amounted to over 15.7 bln drams: the
program for the first half of 2007 was fulfilled by 77%. Expenditures
on salaries exceeded by 11.9% the respective allocations of 2006.

From: Emil Lazarian | Ararat NewsPress

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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