Previous head of Central Bank: Arrears of budget revenue side will b

Previous head of Central Bank: Arrears of budget revenue side will be
recompensed at the expense of SMEs

2009-03-12 14:28:00

ArmInfo. Arrears of budget revenue side will be recompensed at the
expense of SMEs, Bagrat Asatryan, the previous head of the Armenian
Central Bank, a member of the Armenian National Congress, told media
Thursday.

‘Budgetary revenues for 2009 has already been underperformed. This
means that tax agencies that have a certain plan to perform will
collect the necessary amount by all means possible. The only way to
do that is to toughen the pressure on the "humble" small and
medium-sized enterprises, which is evident’, B. Asatryan said.

To recall the budgetary revenues for Jan 2009 totaled 41.8 billion
dram, expenses – 34.5 billion drams, which ensures only 22.7% and 17.8%
of the government plan for quarter. As compared to Jan 2008,
the budgetary revenues were down 11.8% and tax revenues – 10.6%.

Disclaimer: This article was contributed and translated into English by Nalbandian Eduard. 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/2009/03/14/previous-head-of-central-bank-arrears-of-budget-revenue-side-will-b/