ZHOGHOVURD: ARMENIA ECONOMY FACES NEW CRISIS
April 12, 2014
YEREVAN. – The collection ofArmenia’s state budget has become a serious
problem, and this means that the country’s economy faces a new crisis,
Zhoghovurd daily reported.
“According to the NSS [Armenian National Statistical Service] data, the
state budget revenues have increased by 2.3 percent in January-February
2014, as compared to the same period last year. But when we analyze the
sources of the state budget revenue, a disturbing picture comes about.
“The taxes and fees make up 96.2 percent of the Armenian state budget,
and the taxes and fees were collected 0.1 percent less, as compared
to the previous year.
“The point is that the 2014 state budget is 100 billion drams [approx.
$242,210,825] more, as compared to 2013, and this means that 9 percent
more money had to be collected within the two months of this year
than the year past. In the meantime, the collection of taxes and
duties has dropped.
“But that’s not all; the profit tax, excise tax, and customs duties
likewise were collected less this year,” Zhoghovurd wrote.
News from Armenia – NEWS.am
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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.
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