RA BUDGETARY EXPENDITURES GROW BY 14.9% IN 2006
Noyan Tapan
Feb 08 2007
YEREVAN, FEBRUARY 8, NOYAN TAPAN. In 2006, expenditures of more than
454.1 bln drams (about 1 bln 91 mln 482 thusand USD) were made at
the expense of RA state budgetary resources, which secured a 98.2%
execution of the annual program. According to the RA Ministry of
Finance and Economy, 76.8% of allocated resources was used for current
expenditures financing, 19.7% – for capital expenditures financing and
3.5% – for net crediting. Budgetary expenditures grew by 14.9% or over
58.9 bln drams in 2006 on 2005. This growth was mainly conditioned by
an increase in capital expenditures, purchase of services, transfers
and salaries. Current expenditures made up the largest part of the
overall expenditures: over 348.9 bln drams was allocated for their
financing in 2006, which ensured the annual program’s execution
by 98.5%. Cuurent expenditures grew by 12.5% or 38.8 bln drams on
the previous year. 11.5% of current expenditures was made to pay
salaries of state institutions’ employees of the total amount of
40.2 bln drams. The annual program of the government was executed by
99.1%. Allocations for salaries grew by 20.9% on the previous year,
which was mainly conditioned by the increase of civil servants’
salaries since January 1, 2006.