GOVERNMENT MEETS PROJECTED REVENUE COLLECTION RATES

ARMENPRESS
Nov 1, 2007

YEREVAN, NOVEMBER 1, ARMENPRESS: The government collected 386.6 billion
Drams in budget revenues in the first nine months of this year and
spent 379.9 billion. Revenue collection rate was one percent higher
of projected figure, while spending was 87 percent. In annual terms,
the numbers constituted 72.3 and 65.8 percent respectively.

According to these numbers, provided by the ministry of finance and
economy, budget revenues collection rate in January-September rose
by 82 billion Drams, or 30 percent from a year before.

It said 80 percent of the growth were accounted for by taxes and dues,
5.4 billion were collected as off-budget revenues and 3.8 billion
came from capital transactions. The ministry said 3.2 billion Drams
came as official transfers.

The ministry said 84.5 percent of all budget revenues were taxes,
state dues made 4.2 percent, off-budget revenues-7.4 percent, capital
transactions-3.5 percent and official transfers 00.3 percent.