EXPENDITURES OF ARMENIAN STATE BUDGET GROW BY 24.3% IN JANUARY-NOVEMBER 2008 ON SAME PERIOD OF PREVIOUS YEAR

Noyan Tapan

Jan 14, 2008

YEREVAN, JANUARY 14, NOYAN TAPAN. Expenditures of the RA state
budget amounted to 673.1 bln drams (more than 2 bln 201.1 mln USD)
in January-November 2008. This amount made up 84.7% of the annual
program of the government: in particular, the current expenditures
made 572.2 bln drams, the operations with nonfinancial assets –
100.9 bln drams. The index of expenditures was affected by the low
index of expenditures on nonfinancial aseets (76.3%). According to
the press service of the RA ministry of finance, the state budgetary
expenditures grew by 24.3% or 131.4 bln drams as compared with the
same months of 2007.

86.8% (572.2 bln drams) of the annual program of current expenditures
was implemented in January-November 2008. 49.8 bln drams of the
current expenditures was allocated for salaries of employees of state
institutions, which made up 83.3% of the annual program. 4.2 bln drams
or 80.6% of the programmed annual index was allocated for compulsory
social security payments. 113.5 bln drams (81.3% of the program) was
allocated from the state budget for the purchase of goods and services.

More than 10.1 bln drams (86.7% of the annual program) was allocated
for servicing the state debt in the indicated period. Out of the
indicated sum, 7.1 bln drams was provided for servicing of the domestic
debt, and about 3.1 bln drams for servicing the foreign debt (87.1%
and 85.7% respectively of the annual program).

Subsidies of 20.1 bln drams were provided from the RA state budget in
the first eleven months of 2008, which ensured the implementation of
90.4% of the annual program. Grants made up 13.4% or 76.8 bln drams
of the state budget’s current expenditures in the indicated period,
with the respective annual program being implemented by 92.8%.

33.2% of the state budget’s current expenditures was allocated for
social benefits and pensions, which amounted to 189.9 bln drams or
90% of the envisaged sum. 141.1 bln drams was allocated for pensions,
48.8 bln drams – for benefits.

The operations with nonfinancial assets made 100.9 bln drams or 74.2%
of the annual program.