YEREVAN, JANUARY 14, NOYAN TAPAN. Expenditures of the RA state budget amounted to 673.1 bln drams (more than 2 bln 201.1 mln USD) in January-November 2008. This amount made up 84.7% of the annual program of the government: in particular, the current expenditures made 572.2 bln drams, the operations with nonfinancial assets - 100.9 bln drams. The index of expenditures was affected by the low index of expenditures on nonfinancial aseets (76.3%). According to the press service of the RA ministry of finance, the state budgetary expenditures grew by 24.3% or 131.4 bln drams as compared with the same months of 2007. 86.8% (572.2 bln drams) of the annual program of current expenditures was implemented in January-November 2008. 49.8 bln drams of the current expenditures was allocated for salaries of employees of state institutions, which made up 83.3% of the annual program. 4.2 bln drams or 80.6% of the programmed annual index was allocated for compulsory social security payments. 113.5 bln drams (81.3% of the program) was allocated from the state budget for the purchase of goods and services. More than 10.1 bln drams (86.7% of the annual program) was allocated for servicing the state debt in the indicated period. Out of the indicated sum, 7.1 bln drams was provided for servicing of the domestic debt, and about 3.1 bln drams for servicing the foreign debt (87.1% and 85.7% respectively of the annual program). Subsidies of 20.1 bln drams were provided from the RA state budget in the first eleven months of 2008, which ensured the implementation of 90.4% of the annual program. Grants made up 13.4% or 76.8 bln drams of the state budget's current expenditures in the indicated period, with the respective annual program being implemented by 92.8%. 33.2% of the state budget's current expenditures was allocated for social benefits and pensions, which amounted to 189.9 bln drams or 90% of the envisaged sum. 141.1 bln drams was allocated for pensions, 48.8 bln drams - for benefits. The operations with nonfinancial assets made 100.9 bln drams or 74.2% of the annual program.

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