For 5 Months Of 2006 NKR State Budget Revenues Increased By One Thir

FOR 5 MONTHS OF 2006 NKR STATE BUDGET REVENUES INCREASED BY ONE THIRD COMPARED WITH LAST YEAR
DeFacto Agency, Armenia
June 21 2006
January – May 2006 the Nagorno Karabakh Republic /NKR/ state budget’s
own revenues made 3 milliards 846, 2 million drams, which is 33, 9 %
more as compared with the same period last year.
According to the information DE FACTO Information-Analytics Agency
got at the NKR Ministry of Finance and Economy, the budget revenues
have been mainly ensured at the expense of tax proceeds (78, 4 %
of the revenues’ amount). In its turn, 54, 7 % of tax proceeds are
guaranteed at the expense of Value Added Tax (VAT).
For the same period the state budget expenditures increased by 34, 4 %,
making 8 milliards 780, 6 million drams, which is basically stipulated
by rise in salaries, growth of social transfers and capital expenses.
For January – May 2006 receipts to the NKR Social Insurance Fund
made 866, 7 million drams, or 10 % more of the level of the same
period 2005.