ARKA News Agency, Armenia
Dec 27 2007

Armenia’s state budget fulfilled with surplus of AMD 23.3bln in
Jan-Nov 2007

YEREVAN, December 27. /ARKA/. Armenia’s state budget was fulfilled
with surplus of AMD 23.3bln (without financing of targeted credits of
foreign sources within the international credit program) in
January-November 2007, the press service of the Ministry of Finance
and Economy told ARKA.

In accordance with the data, home source of state budget financing
totaled minus AMD 27.6bln, and foreign ones – AMD 4.3bln. Due to
exchequer state bonds the financing of the state budget totaled AMD
8bln (the issue of AMD 37.4bln, and redemption – AMD 29.4bln). At the
same time due to the foreign sources of financing the state budget
deficit of AMD 698.2mln was directed to redemption of bills. Free
budget means increased by AMD 34.8bln.

According to the Ministry of Finance, during the accounting period
AMD 10.2bln was received within the World Bank poverty reduction
program.

The expenditures for redemption of foreign liabilities totaled AMD
5.9bln.

AMD 2.7bln of the above-mentioned sum was given to the WB, AMD 2.5bln
– to the EBRD, and $616.8mln – for the redemption of goods credits of
the USA.

In January-November 2007 the state budget revenues in Armenia
increased by 32.1% or AMD 123.7bln as compared to the same period in
2006 and totaled AMD 509.4bln, and the expenditures increased by
24.1% or by AMD 94.6bln and made AMD 486.6bln. ($1 – AMD 304.27).
-0–