Nagorno-Karabakh parliament approves 2011 budget

|

USD

391.59

EUR

421.7

RUB

4.6712

GEL

141.37

Economy

24.12.2010, 02:29

The Nagorno-Karabakh parliament has approved today its budget for 2011 that calls for 61.8 billion Drams in revenue and a 64.7 billion Dram spending, Novosti-Armenia correspondent in Stepanakert reported.

STEPANAKERT, December 23, /ARKA/. The Nagorno-Karabakh parliament has approved today its budget for 2011 that calls for 61.8 billion Drams in revenue and a 64.7 billion Dram spending, Novosti-Armenia correspondent in Stepanakert reported.

Earlier Nagorno-Karabakh finance minister Spartak Tevosian said budget revenues were expected to make 19.7% of the projected GDP, a little down from 20.4% projected for 2010.

According to him, 65.5% of projected budget receipts will be collected as taxes and state dues. Mandatory social payments will ensure 25.5% of all receipts. Officials grants will ensure 1.4% of receipts and other receipts will make 7.4%.
Spartak Tevosian said also that the spending for next year will increase by 3.8 billion Drams. The 2.9 billion Dram deficit will be financed by borrowings and other financial reserves. Nagorno-Karabakh government will receive a 35.3 billion Dram loan from the government of Armenia. --0-.

Mirzoyan and Tokayev discuss joint initiatives in the field of economics and innovation

The Foreign Minister of Armenia Ararat Mirzoyan and President of Kazakhstan Kassym-Jomart Tokayev focused on the implementation of joint initiatives in the fields of economy, trade, transport, innovation, and education during a meeting held on Thursday.

28.03.2025 08:35

Trade turnover between Armenia and Russia in 2024 set an absolute record, reaching $12 bln – Zakharova

The Armenian-Russian trade in 2024 set an absolute record growing to $12 billion, Russian Foreign Ministry spokeswoman Maria Zakharova said today.

27.03.2025 17:58

Pashinyan says construction of road to Nrnadzor is important preparatory work for Crossroads of Peace project

The construction of a road leading to Nrnadzor village in the southern Armenia is a necessary preparatory work for the implementation of the Crossroads of Peace project, Prime Minister Nikol Pashinyan said.

27.03.2025 16:13

Armenian government allocates over 2 billion drams for subvention programs in the regions

At a meeting on Thursday, the Armenian government approved the allocation of 2 billion 15 million drams for the implementation of subvention programs in the regions of the country.

27.03.2025 14:37

Armenia approves state support program for plant growing worth 1.5 billion drams

At a meeting on Thursday, the Armenian government approved a program to promote the development of crop production for 2025, the cost of which will be approximately 1.5 billion drams.

27.03.2025 13:38

Economy, energy, culture: Armenia and Turkmenistan outline directions for developing economic cooperation

The 10th anniversary meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and Turkmenistan was held on Wednesday in Yerevan.

27.03.2025 09:20

Armenia ratifies double taxation avoidance agreement with Hong Kong

On Wednesday, the National Assembly of Armenia ratified an agreement on the avoidance of double taxation of income between the Republic of Armenia and Hong Kong during its regular session.

26.03.2025 11:40

Armenia's foreign trade turnover in January-February decreased by 52%, to $2.8 billion.

According to preliminary statistics, the volume of foreign trade turnover in Armenia in January-February 2025 amounted to $2,785.8 million, which is 52% lower than the figure for the same period in 2024, the National Statistical Committee of Armenia reports.

25.03.2025 16:31