Government budget handled with AMD 16.3-billion deficit in Jan-Sept 2011

26.10.2011 18:04
Government budget handled with AMD 16.3-billion deficit in Jan-Sept 2011

YEREVAN, October 26. /ARKA/. The government budget was handled with AMD 16.3 billion deficit in Jan-Sept 2011, while the deficit planned for these nine months amounted to AMD 82.6 billion, the Armenian Finance Ministry’s press office reported on Tuesday.

Of the AMD 88.4 billion that was planned to be spent in Jan-Sept 2011, only AMD 10.4 billion has been spent.

Deficit financing from domestic sources amounted to AMD 20.1 billion, and that from the outside sources totaled AMD 3.8 billion.

According to the ministry’s report, the budget revenue grew 9.5% in Jan-Sept 2011, compared with the same period a year earlier, to AMD 620.6 billion.

Tax and state duty receipts as well as obligatory social payments and official grants grew 10% or by AMD 52.3 billion and 2.1 times or by AMD 6.5 billion.

Tax and state duty revenue totaled AMD 485 billion, which constitutes 99.9% of the nine-month program less out-of-budget funds.

The mentioned receipts were 10% greater than those of the same period a year before thanks to the increased inflow of VAT, profit and income taxes and customs duties.

Armenia’s budget expenditure totaled AMD 636.9 billion in Jan-Sept making up 91% of the amount planned for these nine months.

According to the finance ministry’s figures, the budget expenditure grew 7% or by AMD 41.9 billion, compared with the same period of 2010. Current expenses amounted to AMD 570.1 billion in Jan-Sept 2011 – 6.6% growth.

Turnover of Armenian state-owned establishments’ out-of-budget funds as well as payments carried out from the government budget without restrictions were included in the planned and actual indicators to ensure a consolidated accounting of the country’s funds. ($1 – AMD 377.57). -0-


Tags:

Partners news
Loading...

Related Posts