STATE BUDGET FULFILLED WITH SUPLUS OF 9.4 BILLION DRAMS IN
FIRST QUARTER OF 2007
31-05-2007 18:20:00 | Armenia | Economy
YEREVAN, MAY 31, NOYAN TAPAN. In the first quarter of 2007,
the RA state budget (without the inflow of funds under the credit
programs financed from external sources) was fulfilled with a
surplus of 9.4 bln drams (more than 26.1 mln USD). The surplus
was negatively financed by 16.4 bln drams from domestic sources
and was positively financed by 7 bln drams from external
sources.
According to the RA Ministry of Finance and Economy, the
state budget was negatively financed by about 489.5 mln drams at
the expense of treasury bonds (their issue made 12.8 bln drams,
redemption - 13.3 bln drams). 440 mln drams was allocated from
domestic sources of deficit financing for payment of promissory
notes. Available budgetary resources grew by 15.4 bln drams.
In the indicated period, 10.2 bln drams was provided by the
World Bank under the Poverty Reduction Assistance Program.
In the first quarter of 2007, 2.6 bln drams was allocated
from the RA state budget for state debt servicing, which ensured
fulfilment of the program for the first half of 2007 by 49.8%,
in particular, 1.6 bln drams was allocated for servicing the
domestic debt and 975.1 mln drams - for servicing the foreign
debt.
3.2 bln drams was allocated from the state budget for
payment of foreign liabilities, in particular, 1.4 bln drams was
allocated for payment of liabilities under programs financed by
World Bank, 1.4 bln drams - for payment of liabilities under
programs financed by the European Bank for Reconstruction and
Development, and 410.9 mln drams - for re-payment of the US
commodity credit.