YEREVAN, June 1./ARKA/. Excise taxes, paid by Armenia’s producers in January-April 2013, added over 4.7 billion drams to the state budget, which was 12.3% lower from a year earlier, said Gayane Zargaryan, head of department of budget implementation analysis and reports at Finance Ministry.

At the same time, excise taxes filled the budget with 14 billion drams as a whole during the four month, which was by 6.5% or 849.5 million drams more from a year earlier, according to her.
Zargaryan noted it was due to 19.6% increase in revenues from imposing the tax on the excisable goods imported to Armenia. As a result, the budget was filled with 9.2 billion drams during the first four month of 2013.

As to why the excise taxes paid by domestic producers dropped, she said the causes can come from various factors. She didn’t confirm the reason was the probable decrease in domestic production of excisable goods.

Excise tax added 49.3 billion drams to  the budget in 2012. It was said to be higher by 25.2% from 2011. ($1-417.22 drams). —0-