Armenian Premier Instructed All Ministries Not To Reallocate Expense

ARMENIAN PREMIER INSTRUCTED ALL MINISTRIES NOT TO REALLOCATE EXPENSES

ARKA
Jan 30, 2009

YEREVAN, January 30. /ARKA/. Armenian Prime Minister Tigran Sargsyan
instructed all ministries not to reallocate expenses.

"We have problems with tax payment. Organizations receiving state
money for constructing and repairing buildings, guided by articles
1512 and 1513 of the Classification of Budget Expenses, reallocate
their expenses reducing wage payment and total profit", he said on
Friday while discussing ministries’ reports for 2008.

Sargsyan said that as a result, even minimal profitability is not
insured.

"We must tighten control over ministries to prevent reallocations,
which leaves the state budget without income", the premier said.

He stressed that everybody should understand that tax collection is
not only State Revenue Committee, but also all ministries’ concern.

Speaking about the Ministry of Energy and Natural Resources, Sargsyan
said that natural losses, debt payment and revaluation of main means
dwindle tax inflow.

"Relevant divisions of the ministry need to conduct monitoring and
immediately report about problems, if any", the premier said.

Sargsyan also said that natural resources are a new area for the
ministry.

That is why the minister must give clear tasks to new divisions
being formed in the ministry and keep their activities under his
control constantly.

The state budget tax inflo w reached AMD 553.1 billion in Jan/Nov
2008 after growing 22.2% or by AMD 100.6 billion.

The Jan/Nov tax receipts ensured 90.6% of the annual program. ($1 =
AMD 304.78).