Armenia's state revenue has grown 43.6% in 2018 and 2019

25.01.2020 14:14
Armenia's state revenue has grown 43.6% in 2018 and 2019

KAPAN, January 25. /ARKA/. Armenia's state revenue has grown 43.6% in 2018 and 2019, compared with 2017, Armenian Prime Minister Nikol Pashinyan said Saturday at a news conference in Kapan. "The government has managed to increase the tax inflow into the budget by AMD 505.4 billion over these tow years," he said. "A part of these financial means has been used for repaying debts, and another part for increasing the budget's tax revenue."

Pashinyan said that, the government owed AMD 275.7 billion to economic entities as of January 1, 2018, while by January 1, 2020 only AMD 76.6 billion remained from the debt, including current debts accumulated as VAT subject to return and debit. This means that the government has returned AMD 200 billion. The premier said that the remaining AMD 305 billion came as tax revenue. "VAT and debit return process is under way," he said. ($1 - AMD 478.87). 0---


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