IN 2007 ARMENIAN GOVERNMENT PLANS TO COLLECT 48.4 BILLION DRAMS THANKS TO IMPROVEMENT OF TAX ADMINISTRATION

Noyan Tapan
Nov 02 2006

YEREVAN, NOVEMBER 2, NOYAN TAPAN. According to the 2007 draft state
budget, the programmed revenues make 489.5 billion drams, which
exceeds by 12.2% the approved revenues of 2006 and by 8.5% the
revenues expected. In the indicated amount, revenues of 458.9 bln
drams are expected from tax and state duties collection, including
48.4 bln drams (about 127.3 mln USD) thanks to improvement of tax
administration and 4.5 bln drams as a result of possible amendments
to the legislation. The RA Minister of Finance and Economy Vardan
Khachatrian stated this when presenting the 2007 draft state budget
during the November 1 joint sitting of the RA National Assembly
standing committees. According to the minister, the government is now
developing a program of tax administration reforms in 2007 and the next
two years. The program is aimed at achieving a high level of budget
revenues collection. The consistent fight against economic crimes will
help create equal conditions for the economic competition among various
economic entities, which will allow to reduce the impact of economic
entities, which operate in the shadow sector or evade paying taxes,
on the market. In 2007, the clarification and simplification of the
laws related to the customs sphere, and the provision of customs
bodies with technical equipment will continue. In response to NT
correspondent’s question, V. Khachatrian said that he does not see yet
any new risks to the 2007 state budget compared with the previous two
years. In his opinion, the only one is the ratio of taxes/GDP. By the
draft, tax and state duty revenues will make up 15.7% of GDP against
the 2006 programmed index of 14.7%.

From: Emil Lazarian | Ararat NewsPress