STATE BUDGETARY REVENUES INCREASE BY 26.8%, EXPENDITURES BY 30.3% IN JANUARY-JULY 2008 ON SAME PERIOD OF 2007
Noyan Tapan
Au g 27, 2008
YEREVAN, AUGUST 27, NOYAN TAPAN. The revenues of the RA state budget
made over 414 bln drams (over 1 bln 349.2 mln USD), the expenditures
– 405.8 bln drams in January-July 2008, as a result of which the
RA government-envisaged nine month program was fulfilled by 76.5%
and 68.6% respectively. The annual programmed indices of the state
budget were fulfilled by 55.1% (revenues) and 52.1% (expenditures).
According to data of the RA ministry of finance, the state budgetary
revenues increased by 26.8% or over 87.4 bln drams, while expenditures
grew by 30.3% or about 94.4 bln drams as compared with the same period
of 2007.
In the total amount of revenues, taxes and duties grew by 82.7 bln
drams or 32.1%, compulsory social security payments by 6.6 bln drams
or 13.6%, officials grants by 1.8 bln drams or 189.8%, whereas other
revenues (previously called "nontax revenues") declined by 3.7 bln
drams or 19.6%. As a result, there was a growth of taxes and duties
(3.3%) and official grants (0.4%) in the total amount of revenues,
while the share of compulsory social security payments and other
revenues fell by 1.6% and 2.1% respectively.
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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