Armenia's budgetary incomes reduced by 13.3% in January-May, 2008

PanARMENIAN.Net - In January-May 2009, RA State Budget incomes comprised AMD 244.7 billion and expenditures comprised AMD 279.2 billion. Such indices ensured the Government's quarterly program by 75% and 73.85% respectively, RA Finance Ministry reports. It should be noted that budgetary incomes were fulfilled by 27.3% and expenditures - by 31.3%. In comparison with the same period of previous year, State Budget incomes were reduced by 13.3% or AMD 37.5 billion.



Low budgetary revenues were conditioned by reduced amounts of tax and duty incomes (19.2% or AMD 45 billion). In comparison with the same period of previous year, compulsory social insurance payments and other incomes increased by 3% (AMD 1.1 billion) and 38.1% (AMD 3.9 billion) respectively. Official grants comprised about AMD 2.6 billion, in comparison with AMD 142.5 billion recorded last year. 77.4% of State Budget income was generated at the expense of taxes and duties, 15.8% - at the expense of compulsory social insurance payments and other incomes and 1.1% - at the expense of official grants. Under the law "On RA State Budget for 2009", budgetary revenues also included sums invested by the extra-budgetary funds of state organizations whose income comprised AMD 6.7 billion, in comparison with last year's AMD 6 billion.