Communities Collect By 69.2% More Revenues In Half One

COMMUNITIES COLLECT BY 69.2% MORE REVENUES IN HALF ONE

ARKA
July 20, 2010
YEREVAN

Armenian communities collected a total of 37.7 billion Drams in
revenues in the first six months of 2010, by 69.2% more than in the
same time span last year, a deputy territorial management minister
Vache Terterian said to a news conference today.

According to him, the high index was registered after the capital city
Yerevan became a community. Without Yerevan’s share other communities’
revenues rose by 16.9%. He said the budget performance rate was 91.2%
because the projected target was 41.3 billion Drams.

‘Collection of own revenues by communities made 9.7 billion Drams,
by 25% higher than in the first half of 2009,’ Vache Terterian said.

He informed also that land tax collection rate was 81.2% making
1.9 billion Drams, property tax collection rate increased BY 90.3%
to 4.2 billion Drams.

“Budget revenues collection pace is in the limelight of the ministry
because communities’ steady development depends on it,’ he said. ($1-
363.44 Drams).

From: A. Papazian