CURRENT EXPENDITURES OF STATE BUDGET GROW BY 13.9% IN JANUARY-MAY 2007
ON SAME PERIOD OF LAST YEAR

YEREVAN, JUNE 29, NOYAN TAPAN. In January-May 2007, the state budgetary
expenditures made over 183 bln drams (over 509.6 mln USD). 79.1% of
allocated funds was spent on financing of current expenditures, 16.7%
on financing of capital expenditures, and 4,2% – on net crediting.

Accoridng to the RA Ministry of Finance and Economy, the state
budgetary expenditures grew by 17.9% or over 27.7 bln drams on the same
period of last year. The growth was mainly conditioned by an increase
in capital expenditures, transfers and expenditures on services.

In the period under review, 144.8 bln darms was allocated for financing
of current expenditures, which ensured 73.9% fulfilment of the program
for first half of 2007. Current expenditures grew by 13.9% or 17.7 bln
drams on the same period of last year.

10.8% of current expenditures was spent on payment of state institution
employees’ salaries, which amounted to over 15.7 bln drams: the program
for the first half of 2007 was fulfilled by 77%. Expenditures on
salaries exceeded by 11.9% the respective allocations of 2006.