REVENUES OF ARMENIA’S STATE BUDGET GROW BY 22.3% IN JANUARY 2010 ON SAME MONTH OF 2009

Noyan Tapan
March 3, 2010

YEREVAN, MARCH 3, NOYAN TAPAN. Revenues of the RA state budget
amounted to 51.1 billion drams (about 5 million 185.8 thousand),
while expenditures made 38.6 billion drams in January 2010, as a
result of which the first quarter program approved by the government
was executed by 34.6% and 21.4% respectively. The annual programmed
indices of the state budget were executed by 7.2% (revenues) and 4.6%
(expenditures).

The RA Ministry of Finance reported that state budget revenues grew by
22.3% or 9.3 billion drams as compared with January 2009. Taxes and
duties grew by 14.6% (5.1 billion drams), complusory social payments
by 41.7% (2 billion drams), and other revenues grew 2.1-fold or by
2.2 billion drams.

Taxes and duties made 78.6%, compulsory social security payments
– 13.3%, and other revenues – 8.1% of the revenues of the state
budget of Armenia. Under Article 9 Point 11 of the RA Law on the 2010
State Budget of the Republic of Armenia, financial resources of state
institutions’ off-budget funds, whose revenues amounted to 1.3 billion
drams in the reporting period, were also included in the state budget.