BUDGET REVENUES IN JANUARY-APRIL ROSE 28 PERCENT

ARMENPRESS
May 31 2007

YEREVAN, MAY 31, ARMENPRESS: In January-April the Armenian government
collected 150.2 billion Drams in budget revenues and spent 140.8
billion Drams. The figures made 66.2 and 53.5 percent of revenues and
spending respectively, projected by the government for the first six
months of the year.

Armenian finance and economy ministry said these figures made 29.6
and 25.9 percent of revenues and spending respectively, projected
for the entire year.

It said budget revenues in the first four months of 2007 rose 28.2
percent from a year (33.1 billion Drams), of which 26.5 percent were
a taxes and dues, 5.6 billion were off budget revenues, 1.2 billion
Drams were incomes from capital operations and 222 million Drams came
as official transfers.

Incidentally, 84.7 percent of all budget revenues in January-April
were taxes. State dues made 3.8 percent, non-tax revenues made 8.3
percent, incomes from capital operations were 3.1 percent and official
transfers made 0.1 percent of all revenues.

Almost 80 percent of the spending in the reported time were current
expenditures, 16.1 percent were major expenditures and 4.2 percent
were credits.

Budget spending rose 21 percent from a year 9 or by 24.4 billion Drams.