27% Growth of Revenues Envisaged by 2008 Draft State Budget

27% GROWTH OF REVENUES ENVISAGED BY 2008 DRAFT STATE BUDGET OF ARMENIA

YEREVAN, NOVEMBER 3, NOYAN TAPAN. By the 2008 draft state budget,
revenues of 744.7 bln drams (about 2.3 bln USD) are envisaged against
616 bln drams expected in 2007, or a 27.1% growth of revenues, the RA
deputy minister of finance and economy Pavel Safarian said at the
November 2 joint sitting of the RA National Assembly standing
committees. Out of the indicated sum, revenues of 595.1 bln drams will
be received from tax and duty colelction, 104.9 bln drams – as
compulsory social insurance payments, and 35.7 bln drams – as official
transfers.

According to P. Safarian, in 2008 the ratio of taxes to GDP will make
16.9% against 15.7% expected this year.

94.1% of taxes and duties will be received from their collection, 4.3%
– as a result of improved administration, and 4.6% – thanks to
legislative amendments.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS