11.7% GROWTH RECORDED IN ARMENIAN STATE BUDGET REVENUES IN 2010

PanARMENIAN.Net
January 31, 2011 – 16:21 AMT 12:21 GMT

The RA state budget revenues totaled over AMD 755.8bln, while
expenditures ~V more than AMD 856.8bln, what has secured fulfillment
of the annual planned indices of the state budget by 100.6% and 97.4%
respectively.

11.7% (AMD 79.4bln) growth was recorded in the state budget revenues
as compared with the same period in 2009. At the same time, the
tax revenues, state duties and social payments increased by 11.9%
(AMD 74.2bln), while 17% or AMD 7.3bln growth was recorded in other
revenues. The official grants reduced by 25.5% or AMD 2.1bln, the RA
Ministry of Finance reported.

In 2010 the state budgetary expenditures exceeded those of 2009 by 3.9%
or AMD 32.1bln.

The state budget was fulfilled with an AMD 101bln deficit from January
to December 2010, making 78.8% of the planned index for 2010 and 68.1%
of the actual index of 2009.

To finance the deficit, AMD 109.7bln and 8.7bln were allocated from
internal and external sources respectively.

From: A. Papazian