17.4% INCREASE IN ARMENIA’S BUDGET REVENUES IN JAN-MAR

news.am
April 29 2010
Armenia

This January-March, Armenia’s state budget revenues totaled 164.1bn
AMD, and on-budget expenditures 170.1bn AMD – 107.8% and 90.5%
implementation of the respective government programs for the first
trimester.

The pres service of the RA Ministry of Finance informed NEWS.am that,
during the period under review, the budgeted revenues constituted 22%
of the annual amount, and on-budget expenditures 19.9%. In the first
trimester, Armenia’s budget deficit totaled 6bn AMD instead of the
budgeted 34.8bn AMD.

The budget revenues showed a 17.4% increase (24.3bn AMD).

Specifically, tax revenues, state duties and social security payments
showed a 19.6% increase (25.1bn AMD) and other revenues a 9.4% increase
(859.1m AMD). Official grants decreases by 1.7bn AMD (68.2%).

Tax revenues, social security payments and state duties formed 93.4%
of the state budget revenues, the share of other taxes being 6.1%
and of official grants 0.5%.