Armenia posts budget surplus of 0.7% of GDP in H1

Interfax
Aug 16 2005

YEREVAN. Aug 16 (Interfax) – Armenia posted a budget surplus of 5.144
billion dram, or 0.7% of GDP, in the first half of 2005, the National
Statistics Service told Interfax.

Revenue was 160.252 billion dram, or 22.7% of GDP, and that was 26.4%
more than in the first half of 2004.

Tax revenue came to 132.597 billion dram, or 18.8% of GDP, a 21.1%
year-on-year increase.

Budget spending during the period totaled 155.108 billion dram, or 22%
of GDP, up 28.4% year-on-year.

The official exchange rate was 457.47 dram/$1 on August 16. [AM ASIA
EUROPE EEU EMRG MCE ECI RES] rm