ARMENIAN STATE BUDGET IMPLEMENTED WITH SURPLUS OF 5.2BLN DRAMS IN JAN-FEB
ARKA
April 3, 2008
YEREVAN, April 3. /ARKA/. The state budget was implemented with surplus
of 5.2bln Drams (without target credit funds from external sources
under international credit programs) by the end of January-February
2008, the Press Service of Armenian Ministry of Finance reported.
According to the report, internal sources of the state budget
surplus totaled 546.4mln against 19.9bln Drams in the same period
of 2007. External sources of the surplus were 4.6bln Drams against
3.6bln Drams in January-February 2007.
Net receipts from borrowings (securities) were 5.8bln Drams. Free
budget funds grew by 6.4bln Drams Credits from state budget credits
totaled 3.6bln Drams provided to Nagorno-Karabakh Republic in
January-February – a 25.4% increase against the same period of the
year before.
According to the Finance Ministry, about 1.1bln Drams were directed to
pay off the external liabilities with 871.3mln Drams directed to repay
the debt to the World Bank and 188.6mln to repay the U.S. commodity
loans.
On the whole, Armenian budget incomes increased 19.2% or by 16bln
Drams to 99.1bln Drams in January-February as compared with the same
period of 2007.
Expenditures grew by 57.5% or by 34.3bln Drams up to 93.9bln Drams.
The law about state budget for 2008 was passed by the parliament
on November 28 2007. The budget incomes were 746bln Drams and
expenditures were 822bln Drams with the deficit being 76bln
Drams. ($1=307.38Drams).