YEREVAN, May 25, \/ARKA\/. Armenia\u2019s first four months budget was performed with a 2.4 billion dram deficit, down from the projected 56.2 billion dram, the ministry of finance said in a report. According to official data, revenues grew by 9% year-on-year or by 21 billion drams to 254.8 billion drams as of late April 2011. Some 94.8% of the revenues were collected as taxes, state dues and mandatory payments.<\/p>\n
Some 5.1% were reported as other revenues and 0.1% as official grants. Proceeds from public sector companies off-budget funds totaled 5.6 billion drams. Some 201.4 billion drams were collected as taxes and state dues, 64% of the projected amount for the first half of the year. According to the report, tax collection rose by 10.1% or 18.5 billion drams if compared to the first four months of 2010 due to improved VAT, income and profit taxes collection rate.<\/p>\n
Expenditures were said to have grown by 5.8% percent year-on-year or 14.2 billion drams to 257.2 billion drams, 56.2% of the projected amount for the first half of the year. Some 236.3 billion drams were reported as current expenditures, 57.7% of the projected rate. Compared to the first four months of 2010 they rose by 5.6% or 12.6 billion drams. Of that amount 22.2 billion were channeled into payment of public sector salaries and 1.5 billion drams as mandatory social payments. These figures represented a 5.4% and 3.8%. rise form a year before respectively.<\/p>\n
The government also released 10.9 billion drams to pay Armenia\u2019s state debt \u2013 8.2 billion drams were released for payment of foreign debt and 2.7 billion drams for payment of domestic debt.\u00a0 -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
YEREVAN, May 25, \/ARKA\/. Armenia\u2019s first four months budget was performed with a 2.4 billion dram deficit, down from the projected 56.2 billion dram, the ministry of finance said in a report. According to official data, revenues grew by 9% year-on-year or by 21 billion drams to 254.8 billion drams as of late April 2011. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216,314],"tags":[15837,12335,12920,461],"class_list":{"0":"post-23590","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"category-314","9":"tag-armenia-2","10":"tag-budget","11":"tag-revenues","12":"tag-461"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=23590"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23590\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=23590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=23590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=23590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}