Previous head of Central Bank: Arrears of budget revenue side will be
recompensed at the expense of SMEs

2009-03-12 14:28:00

ArmInfo. Arrears of budget revenue side will be recompensed at the
expense of SMEs, Bagrat Asatryan, the previous head of the Armenian
Central Bank, a member of the Armenian National Congress, told media
Thursday.

‘Budgetary revenues for 2009 has already been underperformed. This
means that tax agencies that have a certain plan to perform will
collect the necessary amount by all means possible. The only way to
do that is to toughen the pressure on the "humble" small and
medium-sized enterprises, which is evident’, B. Asatryan said.

To recall the budgetary revenues for Jan 2009 totaled 41.8 billion
dram, expenses – 34.5 billion drams, which ensures only 22.7% and 17.8%
of the government plan for quarter. As compared to Jan 2008,
the budgetary revenues were down 11.8% and tax revenues – 10.6%.