YEREVAN, October 5. /ARKA/. Armenia’s budget deficit was over 1.2 billion drams in January-August 2012, according to the National Statistical Service of Armenia.
The state budget revenues (excluding funds from programs of the foreign financial sources) rose by 6.5% to 587.9 billion drams within
the eight months 2012 from the same period a year earlier.
Within the reported period, revenues from taxes and duties totaled over 470 billion drams, which is 9.3% higher from a year earlier.
The share of revenues from taxes in Jan-August increased by 2 p.p. to 77.4% from a year earlier, of it 38.6% is VAT, 13.7%- tax on profits, 10%- income tax.
At the same time, government expenditures (excluding funds from programs of the foreign financial sources) climbed by 3.9% to 589 billion drams within the reported period.
The ongoing expenditures jumped by 7.1% to 546.9 billion drams from Jan-August 2011.
According to the National Statistical Service of Armenia, government spending, including foreign financial sources, totaled 616.2 billion drams, and deficit- 28.3 billion drams, which is 27.6% lower from Jan-August 2011. -0-