ARMENIA’S 2010 STATE BUDGET TAX RECEIPTS MAY REACH AMD 568 BILLION

ARKA
November 18, 2009
Yerevan

YEREVAN, November 18. /ARKA/. Armenia’s revised 2010 state budget tax
receipts may reach AMD 568 billion, Armenian Finance Minister Tigran
Davtyan said Wednesday in National Assembly.

"Tax receipts were initially planned at AMD 533 billion in the
2010 state budget, but we intend to enlarge this indicator by AMD
17 billion."

The minister said that another 18 billion would be intended for the
return of overpaid VAT.

He said that the share of tax receipts in the 2010 state budget
revenue is big.

In particular, he said, the share of taxes in the 2010 state budget
GDP will be enlarged by AMD 17 billion to 16.6% against the 2009
budget’s 16.4%.

Davtyan said that official transfers from European Union, Germany
and other countries and organizations will total AMD 15 billion.

The 2010 state budget revenue is AMD 676.6 billion, expenditure AMD
859.6 billon and deficit AMD 183 billion.

One dollar is expected to cost AMD 376 in 2010.