Armenia’s communities earned 94.5 billion drams in 2012

YEREVAN, December 28. /ARKA/. Revenues of community budgets in Armenia hit 94.5 billion drams versus the projected 105.5 billion drams under the 89.2% percent  implementation in 2012, Vice Premier and Minister of Territorial Administration Armen Gevorgyan told reporters Friday summarizing the year.

Own-source revenues of the communities accounted for 29.1% of the total revenue or 27.5 billion drams.

“The projected revenues from the land tax are implemented at 85.5% and the actual revenues stood at 4.1 billion drams. Through the property tax the communities collected 11.6 billion drams versus the forecasted 12.6 billion drams,” he said.

Minister also reminded that in March 2012 the government approved the tax package which authorizes  writing off the bad debts on property and land taxes effective till 1 January 2008.

Individuals who had debts  from 2008 to 2011 will be exempted from fines and penalties, and if they have already paid penalties and fines, this amount will be contributed into covering the debt or taxes in the future. The law doesn’t refer to those whose debts account to over 2 million drams.

Gevorgyan said the authorities collected 424.8 million drams as of December 1, 2012 as a result of the new tax package roll-out. According to him, 254.4 million drams in fines and penalties was written off.

“As to property tax, the communities collected 410.2 million drams, and the written off amount stood at 300.8 million drams,” he said and added that 49,037 people enjoyed the introduced benefits.  

Gevorgyan mentioned capital urgent expenditures of the government stood at 20 billion drams in 2012 ( the same as in 2011). 

“As a result, in 394 communities we implemented 731 programs. The funds were injected into  the repair and reconstruction of school and pre-school establishments, hospitals, culture houses, community centers, roads, irrigation and water supply systems, and gas distribution,” Vice Premier resumed. ($1 – 403.27 drams). -0-