Armenia budget revenues up by 7.2%: finance ministerMarch 22, 2017 - 14:46 AMT PanARMENIAN.Net - Government budget revenues grew by 7.2% in January-February 2017 due to a 9.7% hike in tax revenue, Armenian finance minister Vardan Aramyan told reporters on Wednesday, March 22. The indicator of economic activity, according to preliminary data, surged by 6.2% in the first two months of 2017 against the same period last year. According to Aramyan, an increase in tax revenue has been registered due to growing GDP, excise duty and environmental fees, which were up by 12.2%, 14.5% and 2.7 times, respectively. On the other hand, budget expenditures rose by just 1.6% in January-February, resulting in an AMD 0.6 billion (apx. $1,24 million) surplus, he said. Four sectors secured economic growth in the reporting period - industry, agricultural production, trade and service sector. 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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |