STATE BUDGETARY EXPENDITURES GROW BY 12.8% IN JANUARY-FEBRUARY 2007 ON SAME MONTHS OF 2006
Noyan Tapan
Apr 04 2007
YEREVAN, APRIL 4, NOYAN TAPAN. In January-February 2007, expenditures
of 54.3 bln drams (about 151 mln USD) were made at the expense of
the RA state budget, 85% of which was spent on financing of current
expenditures, 9.8% – on financing of capital expenditures, and 5.2%
– on net financing.
According to the RA Ministry of Finance and Economy, budgetary
expenditures grew by 12.8% or about 6.2 bln drams on the same period
of last year. This growth is mainly conditioned by an increase in
expenditures on services, capital expenditures and transfers.
Current expenditures make up the largest share of expenditures –
46.2 bln drams was allocated for their financing in the first two
months of 2007, which ensured 52.6% fulfilment of the quarterly
program. Current expenditures grew by 9.5% or 4 bln drams on the same
months of last year.
10.9% of current expenditures (over 5 bln drams) was allocated for
payment of salaries of state institutions’ employees, which is more by
13.8% than in January-February 2006. The quarterly program on salary
payment was fulfilled by 58.2%.