SINCE EARLY 2005, 740 OFFICIALS FINED FOR BREAKING LAW ON DECLARATION

YEREVAN, MAY 20, NOYAN TAPAN. Since the beginning of this year, fines
of various types have been imposed on 740 officials for breaking
the Law on Declaration of Property and Incomes of High-Ranking
Officials against 1,800 ones in 2004. Representative of the RA
Government-affiliated State Tax Secrvice (STC) Hovhannes Zhamkochian
stated this at the May 20 press conference on the discussion of the
draft law on the declaration of property and incomes of physical
persons. The event was initiated by the NGO “Hakastver”. According
to independent expert Eduard Aghajanov, it is necessary to raise the
limit of 3 mln drams (about 6.7 thousand USD) for the property and
incomes liable to declaration. E. Aghajanov takes the view that the
establishment of this limit (envisaged by the draft law) is aimed
at increasing the state budgetary tax revenues by 49 bln drams only
in 2005.