Budget Transfers Decreased By 3.2 Billion Drams

BUDGET TRANSFERS DECREASED BY 3.2 BILLION DRAMS

Panorama.am
22:00 26/11/2007

Today the Ministry of Finance and Economy published the brief
testimonial of state budget including first ten months. According to
the document during that time the revenues of the budget formed more
than 442.9 billion drams, and the expenses – 437.8 billion drams.

Compared with the last year, the revenues of the budget increased by
28.2% or by 97.3 billion drams.

The fines and the taxes increased by 92.4 billion drams, and the
official transfers data decreased by 3.2 billion drams. In a fixed
period of time more that 1.3 billion drams transfers entered the
budget.

Compared with the last year a decrease was registered in non tax
revenues. They formed 54.4mln.drams and is by 1 billion drams low
than the last year’s data.

Note that during this period of time on budget’s account 437.8 billion
drams expenses were carried out.

74% of the sums were disposed to spot expenses, 22.1% – capital
expenses funding, 3.8% – provision of credit. Compared with the
last year the state budget expenses are increased by 2.5% or by 83.4
billion drams. The increase is mainly connected with new services’
expenses, capital expenses and transfers increase.