13.5 Bln Drams To Be Pumped Into Armenia’s State Budget

13.5 BLN DRAMS TO BE PUMPED INTO ARMENIA’S STATE BUDGET

ARKA
July 10
YEREVAN

Armenia’s Government has made a decision to bolster the state budget
by 13.5bln drams ($44.4mln). RA Minister of Finance Tigran Davtyan
said the state budget had increased by 13.5bln drams by June 1 thanks
to tax proceeds.

"Budget expenditures will rise thanks to a 0.8bln ($2.6mln) drams
rise of tax proceeds from the RA State Tax Service and 12.7bln
drams ($41.8mln) growth of the RA Customs Committee’s receipts,"
the Minister said.

The RA Parliament enacted law on the RA state budget in November
2007. The budget revenue and expenditures total 746bln drams and
822bln drams respectively, with the deficit being 76bln drams.

The RA Government forecasts 4% (±1.5%) inflation and 10% GDP growth
this year. ($1 – 302.62 drams)

–Boundary_(ID_Lg4nc1oSudCTcLrMvGN8LQ)–