YEREVAN, OCTOBER 2, NOYAN TAPAN. The RA state budget's revenues amounted to 415.5bn drams, expenditures - 494.5n drams in January-August 2009, which ensured the implementation of the 9-month program approved by the government by 77.7% and 81.4%, respectively. The annual programmed indices of the state budget were executed by 46.2% (revenues) and 55.2% (expenditures). According to the press service of the RA Ministry of Finance, state budget revenues declined by 14% or 67.8bn drams as compared with the same period of 2008. In particular, there was a 18.8% fall (by 74.7bn drams) in taxes and duties and a 8% decline in official grants which amounted to 2.8bn drams. In the same period the compulsory social security payments and other revenues grew by 1.2bn drams (1.8%) and 5.9bn drams (33.1%), respectively. Taxes and duties accounted for 77.8% of state budget revenues, compulsory social security payments for 15.8%, other revenues for 5.7% and official grants for 0.7% of state budgetary revenues. Under Article 9 Point 18 of the RA Law on the 2009 State Budget of the Republic of Armenia, the financial resources of the off-budget funds of state institutions, whose revenues made 11.1bn drams in the reporting period of 2009 as compared to 10.5bn drams last year, were also included in the state budget.

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