STATE BUDGETARY REVENUES INCREASE BY 26.8%, EXPENDITURES BY 30.3% IN JANUARY-JULY 2008 ON SAME PERIOD OF 2007

Noyan Tapan

Au g 27, 2008

YEREVAN, AUGUST 27, NOYAN TAPAN. The revenues of the RA state budget
made over 414 bln drams (over 1 bln 349.2 mln USD), the expenditures
– 405.8 bln drams in January-July 2008, as a result of which the
RA government-envisaged nine month program was fulfilled by 76.5%
and 68.6% respectively. The annual programmed indices of the state
budget were fulfilled by 55.1% (revenues) and 52.1% (expenditures).

According to data of the RA ministry of finance, the state budgetary
revenues increased by 26.8% or over 87.4 bln drams, while expenditures
grew by 30.3% or about 94.4 bln drams as compared with the same period
of 2007.

In the total amount of revenues, taxes and duties grew by 82.7 bln
drams or 32.1%, compulsory social security payments by 6.6 bln drams
or 13.6%, officials grants by 1.8 bln drams or 189.8%, whereas other
revenues (previously called "nontax revenues") declined by 3.7 bln
drams or 19.6%. As a result, there was a growth of taxes and duties
(3.3%) and official grants (0.4%) in the total amount of revenues,
while the share of compulsory social security payments and other
revenues fell by 1.6% and 2.1% respectively.

From: Emil Lazarian | Ararat NewsPress