CHAIRMAN OF ARMENIAN CENTRAL BANK: GROWTH OF TAX REVENUES LAGS BEHIND THE ECONOMY GROWTH IN ARMENIA

arminfo
2007-09-03 18:27:00

ArmInfo. Growth of tax revenues lags behind the economy growth in
Armenia which hampers fulfillment of strategic programme of the
government on poverty alleviation, chairman of the Armenian Central
Bank Tigran Sarkisyan said today over hearing of the government’s
report on fulfillment of the budget 2006.

He also added that last year correlation of the tax revenues to the
GDP was by 0,7% less of the planned indicator. The tax problems cause
anxiety, he said. At the same time he added that in the absolute
expression the tax revenues have grown if compared with the previous
year.

To recall, in 2006 the GDP grew by 13,3% and amounted to 2,657 trillion
drams in an absolute expression. The budget incomes amounted to 441,4
bln drams and were fulfilled by 2,2%. The budget expenditure were
not fulfilled by 8% and amounted to 481,1 bln drams.