Revenues of 676.7 billion drams programmed under 2010 draft
state budget of Armenia
07-11-2009 20:00:00 | Armenia | Economy
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Under the 2010 draft
state budget of Armenia, revenues of 676.7bn drams are
programmed, which is less by 21.2% as compared to the approved
revenues of 858.6bn drams for 2009. The reduction of the 2010
budget revenues compared to the 2009 programmed index is mainly
conditioned by the decline in the programmed amount of tax and
state duty revenues, which in its turn is a result of Armenia's
economic decline this year. The state budget revenues/GDP ratio
is expected to make up 21% in 2010 - compared to 20.6% in 2009,
First Deputy Minister of Finance Pavel Safarian announced at the
November 6 joint sitting of the NA Standing Committees.
Revenues from taxes and state duties make up 78.8%,
compulsory social payments -15.6% or 105.2bn drams, official
grants - 2.2% of 15bn drams, and other revenues - 3.4% or 23.4bn
drams of the total amount of budgetary revnues envisaged by the
2010 draft state budget of the RA.
Tax revenues and state duties have been programmed to
amount to 533bn drams or by 200bn drams less than the approved
index of 2009, at the same time by 28bn drams more than the
amount expected in 2009. The government plans to collect 11bn
drams out of the programmed amount through various
administrative measures.
It is expected to receive official grants of 15bn drams
from foreign states and international organizations.
The draft state budget was calculated based on the
settlement exchange rate of 376 drams per dollar.