BRIEF REPORT ON STATE BUDGET PERFORMANCE IN FIRST QUARTER OF 2006
Azat Artsakh, Nagorno Karabakh Republic [NKR]
20 May 2006
In the first quarter of 2006 the actual receipts of the NKR state
budget totaled 2253.8 million drams, exceeding the estimate by 21.9
percent. Budget receipts are up by 35.9 percent or 595.7 million
drams compared with the first quarter of 2005, including a 512.1
million dram increase in return on tax, and a 74 million growth of
non-tax receipts. Return on tax comprises 75.8 percent of budget
receipts in the first quarter, state due 4 percent, non-tax receipts
9.5 percent, capital transactions 10.7 percent. In the first quarter
of 2006 return on tax totaled 1708.3 million drams, increasing by 42.8
percent compared with the same period in 2005. The VAT collections in
the pattern of the return on tax are 57 percent, totaling 973.9
million dram, having grown by 51.9 percent or 332.9 million drams
compared with the first quarter of 2006.
Return on excise tax mounted to 109.3 million drams, comprising 6.4
percent of the return on tax, increasing by 47 percent or 34.9 million
drams compared with the previous year. Income tax collections totaled
about 221.4 million drams, growing by 33.1 percent or 55 million drams
compared with the first quarter of 2006. Profit tax collections
totaled 112.7 million drams, comprising 6.6 percent of return on
tax. Lump-sum tax collections topped 55.8 million drams, comprising
3.3 percent of tax collections. Lump-sum tax collections grew by 51.7
percent or 19 million drams compared with last year. Return on tax on
trade was 93.2 million drams, growing by 26.5 percent or 19.5 million
drams compared with the first quarter of 2006. State due collections
totaled 89.2 million drams, growing by 4.2 percent compared with the
first quarter of 2005.
Non-tax receipts were up by 52.6 percent or 74 million dram against
2005.
Return on capital transactions totaled about 241.6 million drams,
including 104.2 million drams from sell-off and 137.4 million drams
from alienation of state capital assets. In the first quarter of 2006
the receipts of the NKR Social Insurance Fund totaled 518.1 million
drams. Community budget receipts totaled 104.2 million drams,
increasing by 25.2 percent or 20.9 million drams against 2006. In the
first quarter of 2006 budget outlays totaled 4345.1 million drams,
including 68.6 percent of current expenditure, and 31.4 percent
capital expenditure. Budget outlays are up by 38.7 percent or 1212.6
million drams compared with the same period of 2005. Current
expenditure totaled 2979.9 million drams, increasing by 17.2 percent
or about 437.4 million drams compared with the first quarter of
2005. 25.7 percent or 766.4 million drams was allocated for salaries,
growing by 16.2 percent or 106.7 million drams compared with
2005. 283.8 million drams was allocated for subsidies. Over 545.1
million drams was allocated for retirement benefits and allowances. In
the first quarter of 2006 1384.6 million drams or 46.5 percent of
current expenditures was purchase of goods and services, growing by
258.9 million drams or 23 percent compared with the first quarter of
2005. Over 1365.1 percent was capital expenditures, growing by 775.2
million drams or 2.3 times compared with the first quarter of
2005. NKR Ministry of Finance and Economy
AA.
20-05-2006