Budget incomes totaled AMD 299.1bln in Armenia in January-May 2010June 29, 2010 - 16:11 AMT PanARMENIAN.Net - Incomes of the state budget totaled AMD 299.1bln in Armenia in January-May 2010, while expenditures amounted to AMD 309.9bln, ensuring the fulfillment of government's program for the first half of 2010 by 90.2% and 75.4% respectively. Meanwhile, indices of the annual program of the state budget were fulfilled by 41.2% and 36.3% respectively, the press service of the RA Ministry of Finance reported. 22.2% growth was recorded in incomes as compared with the same period of last year. Besides, tax payments, state duties and compulsory social payments increased by 22.8% (AMD 51.9bln), while other incomes grew by 26.3% or AMD 3.7bln. At the same time, official grants reduced by 46.9% or AMD 1.2bln. Besides, expenditures at the amount of AMD 309.9bln were made from the Armenian state budget in January-May 2010, comprising 75.4% of the program for the first half of 2010. Specifically, current expenses totaled AMD 284.7bln, while operations related to non-financial assets amounted to 25.2bln. Expenditures at the amount of 4.6bln were made from non-budgetary funds of state enterprises during the reporting period. Budget expenditures grew by 11% or AMD 30.7bln in January-May 2010 as compared with the same period of last year. The growth is basically conditioned by expenditures for non-financial assets, grants, state debt servicing, as well as reduction in receipts from alienation of non-financial assets. During the reporting period, Armenia's state budget was fulfilled with AMD 10.8bln deficit against 79.3bln foreseen for the first half of 2010 and 34.5bln in January-May 2009. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |