RA STATE BUDGETARY EXPENDITURES GROW BY 16.4% IN FIRST QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR
Noyan Tapan
May 09 2007
YEREVAN, MAY 9, NOYAN TAPAN. In the first quarter of 2007, the RA state
budgetary expenditures made 93.1 bln drams (about 259 mln USD). 82.9%
of allocated funds was spent on financing of current expenditures,
12.6% – on financing of capital expenditures, 4.5% – on net crediting.
According to data of the RA Ministry of Finance and Economy, budgetary
expenditures grew by 16.4% or over 13.1 bln drams on the same period
of last year.
This growth is mainly conditioned by an increase in capital
expenditures, transfers and expenditures on purchase of services.
In the period under review, about 77.2 bln drams was allocated for
financing of current expenditures, which ensured 87.2% fulfilment of
the quarterly program. Current expenditures grew by 9.4% or 6.6 bln
drams on the same petiod of last year.
11% of current expenditures (about 8.5 bln drams) was spent on payment
of salaries of state institutions’ employees. The quarterly program
of salaries was fulfilled by 89.7%. The budgetary expenditures on
salaries exceeded by 9.5% the respective allocations in 2006.
In January-March 2007, subsidies of over 3.5 ln drams were provided
from the RA state budget. They made up 4.6% of current expenditurs,
with quarterly program being executed by 66.3%. The total amount of
subsidies from the state budget exceeded by 10.4% or 334.5 mln drams
the respective index of 2006.
From: Emil Lazarian | Ararat NewsPress
