STATE BUDGETARY REVENUES GROW BY 13.1% IN JANUARY 2008 ON SAME MONTH OF
LAST YEAR
YEREVAN, MARCH 6, NOYAN TAPAN. The RA state budgetary revenues made
over 47.4 bln drams (about 154.5 mln USD) in January 2008, the
expenditures made 32.2 bln drams, as a result of which the
government-approved quarterly program was fulfilled by 31.9% and 18.6%
respectively. The annual programmed indices of the state budget were
fulfilled by 6.5% (revenues) and 4.3% (expenditures).
According to data of the RA ministry of finance and economy, the state
budgetary revenues grew by 13.1% on January of last year and made 5.5
bln drams. Taxes and duties increased by 9.1 bln drams, compulsory
social insurance payments by 685 mln drams, official grants by 4.5 bln
drams, while other revenues (previously called "nontax revenues")
declined by 4.3 bln drams. As a result, the share of taxes and duties
grew by 10.8% in the total amount of revenues, while the share of other
revenues declined by the same percentage. In particular, taxes made up
79.7%, state duties – 3.1%, compulsory social insurance payments –
13.1% and other revenues – 4.1% of the revenues of the state budget.
In accordance with Article 9 Point 18 of the RA Law on the 2008 State
Budget of the RA, the state institutions’ off-budget funds, whose
revenues amounted to about 851 mln drams against 434.8 mln drams last
year, were also included in the state budget.