ARMENIA’S STATE BUDGET FULFILLED FOR 65.1% FOR INCOMES AND 61% FOR EXPENSDITURES
ARKA News Agency, Armenia
Sept 29 2006
YEREVAN, September 29. /ARKA/. According to the results of
January-August 2006, the annual program of Armenia’s state budget for
2006 is fulfilled for 65.1% for incomes and 61% for expenditures, the
press service of the Armenian Ministry of Finance and Economy reported.
According to it, the state budget incomes for the first eight
months of 2006 totaled about AMD 269bln, and the expenditures –
AMD 277.2bln. Compared to the corresponding period of 2005, the state
budget incomes increased by 18.5% or over AMD 42bln, and the expenses –
by 22.4% or AMD 50.8bln.
According to the press service, the budget program for nine months,
approved by the Armenian government, has been already implemented by
90.9% and 79.7% respectively.
As a result, the state budget deficit in January-August 2006 totaled
AMD 8.2mln.
The state budget financing owing to internal resources totaled AMD
3.7bln, and AMD 4.5bln – owing to external resources. The state
budget financing owing to the treasury bonds totaled AMD 3.3bln (AMD
20.6bln of issue, AMD 17.3bln of payment). AMD 97.2bln was allocated
for payment of bill, and AMD 464.9mln were used from the balance of
budget spare funds.
At the same time, about AMD 9.2bln ($20mln) was received from the
World Bank under the loan program on poverty reduction. AMD 4.7bln
was allocated from the state budget for external liabilities: the
EBRD – AMD 1.8bln, World Bank – AMD 2.1bln, and the U.S. Government
– 749.8mln.
The Armenian parliament adopted the law "On State Budget for 2006" on
November 11, 2005. The budget revenues totals AMD 497bln, the budget
expenditures – AMD 566.8bln, and the budget deficit – AMD 69.8bln.
($1 – AMD 382.16).