YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, over 274.2 bln drams (about 645 mln USD) was allocated for financing of the RA state budget's current expenditures, as a result of which the annual program was executed by 77.4%. Current expenditures grew by 14.9% or 35.6 bln drams on the same months of 2005. According to the RA Ministry of Finance and Economy, 11.1% of current expenditures or 30.3 bln drams was allocated for salaries of employees of state institutions. The annual program on these expenditures was executed by 75.8%. Allocations on salaries grew by 21.8% on the same period of last year, mostly due to the increase of the basic rate of civil servants' salaries since January 1, 2006. In the first ten months of 2006, current transfers made 72.1 bln drams and accounted for 26.3% of the current budgetary expenditures, and the annual program of current transfers was executed by 80.1%. 21.9 bln drams of transfer allocations was spent on benefits, 13.9 bln drams - on pensuons, and 12.2 bln drams - on equalization subsidies for communities. Transfers grew by 19.5% on the same period of 2005. State budget subsidies of 15.7 bln drams in January-October 2006 accounted for 5.7% of current expenditures and secured a 80.3% execution of the annual program. The amount of subsidies increased by 11.4% or 1.6 bln drams on the same months of 2005.

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