Armenian state budget revenues decrease by 9.7% against<br /> first quarter of 2008<br />


Armenian state budget revenues decrease by 9.7% against
first quarter of 2008

  • 08-05-2009 18:25:00   | Armenia  |  Economy
YEREVAN, MAY 8, NOYAN TAPAN. In 2009 January-March RA state budget's revenues made nearly 139.8bn drams and expenditures 153.4bn drams, on the line of which 103.1% and 90.9% of the quarterly program reconsidered by the RA government was provided, respectively. This was 15.6% of the annual planned revenues and 17.2% of the annual planned expenditures. According to the Information and Public Relations Department of the RA Ministry of Finance, as compared with previous year's first quarter, state budget revenues decreased by 9.7% or by 14.9bn drams. It was due to a 16.7% or 21.4bn drams decrease of revenues on the line of taxes and duties. In the same period compulsory social security payments and other revenues increased by 251.2m drams (by 1.2%) and 3.7bn drams (68.6%), respectively. Official grants amounted to more than 2.5bn drams against 18.5m drams of previous year's January-March. 76.3% state budget revenues were formed at the expense of taxes and duties, 15.4% compulsory social security payments, 6.6% other revenues, and 1.8% official grants. In correspondence with point 18, Article 9 of RA law On Republic of Armenia 2009 State Budget, the state budget also involves state enterprises' extra-budget funds' resources, the revenues of which amounted to 3.6bn drams in the first three months of the current year against 3.1bn drams recorded in previous year's first quarter.
  -   Economy