Tax inflow into Armenia’s government budget exceeds projected amount – finance ministry

Tax inflow into Armenia’s government budget exceeds projected amount – finance ministry

YEREVAN, June 19. /ARKA/. Tax inflow into Armenia’s government budget intensified in the first quarter exceeding the projected amount by AMD 13 billion, Vardan Aramyan, Armenian finance minister, told journalists on Friday. 

In his words, this year’s tax revenue is believed to be larger than projected.  

The April and May tax receipts, he said, give ground for thinking that Armenia continues building up its tax revenue, which is projected at AMD 1 trillion 197 billion in the government budget. 

Aramyan said AMD 107.5 billion came to the budget in April against AMD 97 billion in April 2016, and in May 2017 AMD 92.4 billion was transferred to the budget against AMD 91.9 billion in the same month a year before. 

”In fact, we have increased tax collection indicator by AMD 10 billion,” he said. “As a whole, the projected annual indicator is quite ambitious and we will make every effort to achieve it, though it seems already now that this ambition is quite achievable.”

Speaking about budget spending, the minister said that the budget saved AMD 26 billion in the first quarter, in April and May it was performed as projected and in June it is planned to be increased. 

In April, the Armenian government decided to increase capital spending by AMD 50 billion by using the increased tax revenue. 

In the 2017 government budget, tax revenue is projected at AMD 1 trillion 135 billion, of which AMD 77.6 billion was planned to be collected in January, though actually the tax inflow was by AMD 3 billion larger than projected, and in February the government budget received AMD 83.6 billion instead of the projected AMD 80 billion. ($1 – AMD 481.77). --0-----

11:43 19.06.2017

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