ARMENIAN GOVERNMENT EXCEEDS PROJECTED REVENUES COLLECTION TARGET

ARMENPRESS
Aug 1, 2007

YEREVAN, AUGUST 1, ARMENPRESS: Armenian government collected a total
of 244.7 billion Drams in revenues in January-June and spent 228.2
billion Drams, exceeding the projected target of revenue collection
by 6. 4 percent, but failing to meet the projected spending target
by 15 percent.

According to finance and economy ministry, the amount of collected
revenues in January-June rose almost 27 percent from a year ago. In
terms of money the rise amounted to 51.6 billion Drams.

Almost 44 percent of revenues came as taxes and dues, 6.2 billion as
non-tax revenues and 4.7 billion Drams as transaction revenues.

The ministry said official transfers declined 2.6 billion drams less
from a year ago.

It said 82.2 percent of revenues were taxes, state dues constituted
3.7 percent and non-tax revenues made 9.6 percent.