Armenia’s budget executed with AMD 1,5bln surplus in Jan-Oct 2012

PanARMENIAN.Net - Armenia’s state budget income for January-October 2012 totaled AMD 752,6 billion to provide 80,9% implementation of a governmental program, Head of Department of Reporting and Analysis at Ministry of Finance said.

As Gayane Zargaryan stated at an December 4 briefing, over the reporting period, the budget expenditures amounted to AMD 751,1 billion (76,9% program implementation.)

According to her, in January-October 2012, state budget income rose by 9,1% against the same period in 2011, with the growth achieved through tax income increase.

94,2% of state budget income was provided though tax income, state duties and obligatory social payments; 5,2% was procured through other incomes and 0,6% through officials donations.

As Ms. Zargaryan further noted, in January-October Armenia's state budget has been executed with a surplus of AMD 1.5 billion.