NSS: budget revenue collection rate in five months improves by 1.2 percent to more than 441.4 billion drams

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01.07.2016 21:57

YEREVAN, July 1. /ARKA/. Armenia’s budget revenue collection rate in the first five months of 2016 improved by 1.2 percent from the year ago to more than 441.4 billion drams, according to the National Statistical Service (NSS).

Taxes and duties increased by 2.3% to more than 420.1 billion drams, while VAT collection rate declined by 8.1% to 146.9 billion drams. Excise taxes grew by 28.3% to 21.8 billion drams, income taxes grew by 22.8% to. 58.2 billion drams and profit taxes grew by 6.5% to 125.8 billion drams.

Other budget revenues amounted to 18.9 billion drams, down from 25.1 billion drams collected in January-May 2015, while the amount of official grants totaled more than 2.3 billion drams against 568.1 million drams in the same period last year.

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Economist: public debt growth is not critical

26.02.2016 17:38

If the ratio of Armenia’s public debt to GDP exceeds 50%, it will not become critically dangerous, economist Vardan Bostanjyan told a news conference today

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Armenia’s public debt remains sustainable, fiscal consolidation needed to reduce it - IMF

16.02.2016 15:27

Armenia’s public debt remains sustainable, although risks are elevated, Hossein Samiei, the newly-appointed IMF Mission Chief to Armenia, said in an exclusive interview with ARKA News Agency

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Armenian banks’ transfers to government budget increased 10% to AMD 41.2 billion in 2015

27.01.2016 15:42

Armenia’s all 21 banks were among the country’s 1000 biggest taxpayers in 2015, the Armenian tax agency reports on its website

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Parliament ratifies two loan agreements

18.12.2015 19:02

At an extraordinary meeting on Friday the parliament ratified a $300 million loan agreement Armenia signed with the Eurasian Fund for Stabilization and Development of the Eurasian Development Bank on November 4, 2015

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Armenian National Assembly committees to open 2016 draft budget discussion on November 2

21.10.2015 15:59

The Armenian National Assembly committees are to open the 2016 draft budget discussion on November 2, the press office of the National Assembly reported on Wednesday

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Armenian 2016 budget deficit to be 3.5% of GDP, IMF

28.09.2015 12:01

Armenia’s budget deficit in 2016 will make 3.5% of GDP, Chief of IMF Mission to Armenia, Mark Horton, told a last Friday news conference

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Armenia’s commercial banks pay 9.7 bln drams to the government budget in Q1

05.05.2015 13:40

All 21 commercial banks operating in Armenia are on the top 1,000 taxpayers list as of the end of the first quarter 2015, having paid a total of about 9.7 billion drams to the budget as compared to 8.9 billion drams in Q1 2014, Armenia’s State Revenues Committee reports

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Chshmarityan: Armenia's government has no intention to revise current budget

16.04.2015 17:59

Armenia’s government has no intention to reconsider the current budget, since economic indicators are expected to improve significantly late this year, Armenian Economy Minister Karen Chshmarityan said in an interview with Golos Armenii newspaper

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Bagrat Asatryan says government should revise this year's budget

10.04.2015 17:01