STATE BUDGETARY REVENUES FROM CAPITAL OPERATIONS GROW BY 27.1% IN
JANUARY-MAY 2007 ON SAME PERIOD OF LAST YEAR

YEREVAN, JUNE 29, NOYAN TAPAN. In January-May 2007, the RA state
budgetary revenues from capital operations made over 6.8 bln drams
(18.9 mln USD), 6.3 bln drams of which was received from alienation of
lands representing state property and 540.3 mln drams was received from
sale of fixed assets. According to the RA Ministry of Finance and
Economy, the program of revenues from capital operations for the first
half of 2007 was fulfilled by 60.4%. The growth of these revenues on
the same period of last year made 27.1% or about 1.5 bln drams.

In the first five months of this year, official transfers to the state
budget made 496.6 mln drams. Particularly, 280.1 mln drams was
allocated by the UK for financing the programs on regional development
of Tavush and Gegharkunik regions. 211.7 mln drams was received under
the mutual understanding memorandum between the US and the RA on
assistance for poverty reduction in Armenia, and 4.8 mln drams was
transferred to off-budget accounts of state institutions.

From: Emil Lazarian | Ararat NewsPress