STATE BUDGETARY REVENUES AND EXPENDITURES GROW BY 22.57% AND 17.9% RESPECTIVELY IN JANUARY-MAY 2007 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Jun 29 2007

YEREVAN, JUNE 29, NOYAN TAPAN. In January-May 2007, the RA state
budgetary revenues made 198.3 billion drams (over 522 million
USD), expenditures – 183 billion drams, as a result of which the
government-approved program for the first half of 2007 was fulilled by
87.4% and 69.5% respectively. The annual program of the state budget
was fulfilled by 39.1% (revenues) and 33.6% (expenditures).

According to the RA Ministry of Finance and Economy, the state
budgetary revenues grew by 22.5% or 36.4 bln drams, expenditures grew
by 17.9% or over 27.7 bln drams on the same period of 2007. Taxes
and duties grew by 32.1 bln drams, non-tax revenues by 5.4 bln drams,
revenues from capital operations by 1.5 bln drams. Official transfers
declined by 2.6 bln drams.

In accordance with Apricle 9 Point 18 of the Law on the 2007 State
Budget of the RA, off-budget resources of state institutions were also
included in the state budget, with their revenues making more than
4.2 bln drams in the period under review against 4 bln drams last year.