RA STATE BUDGETARY REVENUES FROM STATE DUTY GROW BY 12.1%, NON-TAX
REVENUES INCREASE 1.3FOLD 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 state duty made over 7.5 bln drams (about 20.9
mln USD), as a result of which the program for the first half of 2007
and the annual program were fulfilled by 93.2% and 39.2% respectively.

According to the RA Ministry of Finance and Economy, the revenues from
state duty grew by 12.1% or 811.1 mln drams on the same period of 2006,
which was mainly conditioned by an increase in duties from consular
services, provision of juridical documents to natural persons,
licensing services.

Non-tax revenues of the state budget amounted to 21.5 bln drams in
January-May 2007, which ensured the fulfilment of the programmed index
for the first half of 2007 by 213.6%: this index exceeded 1.3fold that
of the same period of 2006. The growth in non-tax revenues was mainly
conditioned by 4,6 bln drams paid under the reconciliation agreement
signed with ArmenTel CJSC, 6.8 bln drams transferred to the state
budget as a result of privatization of the Zangezur Copper and
Molybdenum Enterprise CJSC, and by a growth in interest payments from
placement of available budgetary resources.