Armenia’s 2011 budget revenue is underperformed – newspaper

news.am
August 22, 2012 | 08:46

YEREVAN. – Armenian National Assembly’s discussion agenda includes the
Government’s 2011 report on the state budget, Haykakan Zhamanak daily
writes.

`In line with that report, the Government of Armenia has
underperformed the 2011 State Budget’s revenue. Close to AMD 881
billion [approx. $2,150,808,632] were collected for the State Budget
in the case when more than AMD 883 billion [approx. $2,155,691,285]
were envisioned.

But what’s more important is that shadow economy in Armenia has
expanded further, and this becomes apparent from the [Budget’s] tax
portion’s indicator in the GDP,’ Haykakan Zhamanak writes.

From: Emil Lazarian | Ararat NewsPress