ARMENIAN GOVERNMENT EXCEEDS PROJECTED REVENUES COLLECTION TARGET
ARMENPRESS
Aug 1, 2007
YEREVAN, AUGUST 1, ARMENPRESS: Armenian government collected a total
of 244.7 billion Drams in revenues in January-June and spent 228.2
billion Drams, exceeding the projected target of revenue collection
by 6. 4 percent, but failing to meet the projected spending target
by 15 percent.
According to finance and economy ministry, the amount of collected
revenues in January-June rose almost 27 percent from a year ago. In
terms of money the rise amounted to 51.6 billion Drams.
Almost 44 percent of revenues came as taxes and dues, 6.2 billion as
non-tax revenues and 4.7 billion Drams as transaction revenues.
The ministry said official transfers declined 2.6 billion drams less
from a year ago.
It said 82.2 percent of revenues were taxes, state dues constituted
3.7 percent and non-tax revenues made 9.6 percent.
Disclaimer: This article was contributed and translated into English by Navasardian Karapet. 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.
Direct link to this article: https://www.armenianclub.com/2007/08/02/armenian-government-exceeds-projected-revenues-collection-target/