ARMENIA’S BUDGETARY REVENUES REDUCED BY 16.4% IN 2009

PanARMENIAN.Net
20.01.2010 17:03 GMT+04:00

/PanARMENIAN.Net/ Tax and other revenues in Armenia’s state budget
made AMD 674.4 billion in 2009, which is 16.4% less compared to the
previous year, RA Ministry of Finance says in its 2009 report.

According to the document submitted Wednesday by RA Finance Minister
Tigran Davtyan, tax revenues and duties comprised AMD 522.4 which is
15.9% less in comparison with 2008. In the meantime, tax/GDP ratio
made 16.6%, having decreased by 0.4% compared to the previous year.

Due to the financial-economic crisis, the 2009 budgetary deficit in
GDP sector made 7.4%.

In 2009, all state government bodies’ funding requests were fully met.

On January 20, 2010, Armenian Government started discussions over
Ministries’ 2009 activities.

By the recommendation of Prime Minister Tigran Sargsyan, reports will
cover the activities accomplished, as well as the results, drawbacks
and reasons for failure to perform duties.

The reports will be available on ministries and relevant state
agencies’ websites.