ACCORDING TO PRIME MINISTER, IT IS ENVISAGED TO KEEP HIGH TAX COLLECTION RATES
Noyan Tapan
Ma y 12, 2008
YEREVAN, MAY 12, NOYAN TAPAN. Despite the fact that 2007 was a year
of parliamentary elections and preparation for the presidential
election, a 33% growth of budgetary revenues was registered, the RA
prime minister Tigran Sargsian stated at the May 12 joint sitting of
the RA National Assembly standing committees. In 2006, the growth of
revenues made 16%. The share of taxes in GDP grew by 1.6% – against
the programmed 0.4% growth. There were some structural changes in the
expenditures which grew by 32%: some additional funds were allocated
to the social sector, science, education and health care.
According to T. Sargsian, it is envisaged to keep high rates of tax
collection – about 0.5% a year, as well as to increase the share of
taxes in GDP and improve tax administration with the aim of reducing
shadow economy and ensuring a competitve field.