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Armenia’s state budget deficit in 2016 amounts to 272.5 billion drams

31.01.2017 20:14

Armenia’s state budget deficit in 2016 amounts to 272.5 billion drams

YEREVAN, January 31. /ARKA/. Armenia's state budget deficit in 2016 amounted to 272.5 billion drams from 245 billion drams in the previous year, according to the National Statistical Service (NSS). The projected budget deficit for 2016 was 197 billion drams (3.5% of GDP).

According to the National Statistical Service, the state budget revenues in 2016 grew by only 0.7% to 1.154.9 trillion drams. Taxes and duties accounted for over 1.079.7 trillion of revenues, having increased by 1.1% year-on-year. Another 391 billion drams were collected as VAT, (a 7.7% decline), 59.7 billion drams were collected as excise tax (a 22% growth), 127.1 billion drams were collected as income tax (a 22.7% increase), 332.7 billion drams were collected as profit tax (a 6.7% growth), 55.4 billion drams – as customs duties (a decline of 9.9%), and 15.2 billion drams – as turnover tax (a decline of 28.7%).

Other state budget revenues amounted to 59.8 billion drams, down from 69 billion drams in 2015, while official grants exceeded 15.4 billion drams against 10.2 billion drams in 2015. According to NSS, the state budget spending in 2016 increased by 2.5% to 1.427.5 trillion drams.

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Armenia’s state budget deficit grew to 31.35 billion drams in first quarter of 2016

29.04.2016 17:41

Armenia’s state budget deficit grew to 31.35 billion drams in first quarter of 2016

In the first quarter of 2016 Armenia’s state budget deficit grew to 31.35 billion drams from 14.5 billion drams in the same period of 2015, according to the National Statistical Service (NSS)

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