STATE DUTY COLLECTION GROWS BY 11.6% IN ARMENIA IN JANUARY-OCTOBER 2006 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Dec 05 2006

YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA
state budget’s state duty revenues made 16.1 bln drams (about 37.9
mln USD), which ensured 85.4% of the annual program on state duty
collection. According to the RA Ministry of Finance and Economy,
the total amount of state duties grew by 11.6% or 1.7 bln drams on
the same period of 2005, which was mainly conditioned by an increase
in revenues from consulate services and state registration activity,
payments for provision of legal documents to natural persons and
payments from licensing of activities. In January-October 2006, non-tax
revenues of the state budget made 27.7 bln drams, exceeding by 51.5%
the programmed annual index, which was mostly due to the payment made
for the right to conduct negotiations as a result of privatization of
the Zanagezur Copper and Molybdenum Plant CJSC. Non-tax revenues grew
by 10.2% on the same period of last year. It is noteworthy that funds
of extrabudgetary accounts opened by the decision of the RA government
for state institutions were included in non-tax revenues. In the first
ten months of 2006, the budgetary revenues from capital operations
made about 12.4 bln drams, 11.1 bln drams of which was received from
alienation of lands representing state property and 1.3 bln drams –
from sale of fixed assets. Revenues from capital operations secured
94.2% of the programmed annual index.