STATE BUDGETARY EXPENDITURES ON GOODS AND SERVICES GROW BY<br /> 15.4% IN JANUARY-APRIL 2007 <br />


STATE BUDGETARY EXPENDITURES ON GOODS AND SERVICES GROW BY
15.4% IN JANUARY-APRIL 2007

  • 01-06-2007 20:00:00   | Armenia  |  Economy
YEREVAN, JUNE 1, NOYAN TAPAN. In January-April 2007, 61.8 bln drams (171.8 mln USD) was allocated from the RA state budget for the purchase of goods and services, which made up 55.1% of current expenditures of the state budget. According to the RA Ministry of Finance and Economy, the program on purchase of goods and services for the first half of 2007 was fulfilled by 55%. Expenditures on purchase of goods and services grew ny 15.4% or 8.3 bln drams on the same period of last year, which is mainly due to an increase of expenditures on defence, education and health care and on purchase of services. In January-April 2007, 22.7 bln drams was allocated from the state budget for financing the capital expenditures which increased by 68.6% or more than 9.2 bln drams on the same period of 2006. This is mainly conditioned by a growth of capital expenditures on replenishment of the RA governmental reserve fund, social insurance, education, the state reserve of material resources and on road maintenance. In the first four months of 2007, crediting from the state budget amounted to 6.07 bln drams, 6.05 bln drams of which was provided to the Nagorno Karabakh Republic, while 21 mln drams was given to repressed citizens on concessional terms for house construction. 113.5 mln drams out of the previously provided credits was repaid to the state budget. As a result, net crediting made about 6 bln drams. Net crediting from the state budget increased by 23.4% on the same months of last year - at the expense of the interstate credit to the NKR in 2007.
  -   Economy