GOVERNEMT APPROVES BILL ON APPROVAL OF ANNUAL REPORT ON EXECUTION OF 2006 RA STATE BUDGET
Noyan Tapan
Apr 19 2007
YEREVAN, APRIL 19, NOYAN TAPAN. At the April 19 sitting, the Armenian
government approved the bill on approval of the annual report on
execution of the 2006 RA state budget, which will be submitted to the
RA National Assembly in prescribed order. The bill proposes approving
the annual report on execution of the 2006 RA state budget in the
amount of 441 bln 483 mln 135.6 thousand drams (revenues). 481 bln
183 mln 188.4 thousand drams (expenditures), and the budgetary defecit
in the amount of 39 bln 700 mln 52.8 thousand drams.
The RA Deputy Minister of Finance and Economy, the RA Chief Treasurer
Atom Janjughazian said after the sitting that taking into account the
economic developments in 2006, the amount of revenues was reconsidered
and set at 451.461 bln drams instead of the planned revenue amount of
412 bln 356 mln drams (based on 2006’s average exchange rate – about
991 mln USD), with a 97.8% fulfilment being registered. In his words,
the main reason for underfulfilment of the revenue index was receiving
only 15.2 bln drams (38.4% of the envisaged amount) instead of the
envisaged 39.5 bln drams from foreign sources. The fulfilment of the
expenditure index was low – 523 bln drams or 92% for the same reason.
A. Janjughazian said that the fulfilment index of expenditures
from own sources made 98%, that from foreign sources – 46%. 55.5%
fulfilment was registered against 71.6 bln drams envisaged by the
2006 deficit financing program.