AMD 11.7 billion transferred to Armenian government budget as mandatory social payments
01.06.2013,
19:33
Gayane Zargaryan, head of a finance ministry department in charge of budget performance analyses, told journalists on Saturday that the government had collected AMD 11.7 billion in mandatory social payments accrued from the last year and AMD 6.8 billion in profit taxes in the first half of this year.
YEREVAN, June 1. /ARKA/. Gayane Zargaryan, head of a finance ministry department in charge of budget performance analyses, told journalists on Saturday that the government had collected AMD 11.7 billion in mandatory social payments accrued from the last year and AMD 6.8 billion in profit taxes in the first half of this year.
“The government budget had income tax revenue and mandatory social pays 23.2% or AMD 15.5 billion greater in 2012 than in 2011,” she said.
Zargaryan also said that a new type of taxes, turnover tax, has been instituted this year in Armenia, and more than AMD 3 billion had been transferred to the government budget as turnover tax since the beginning of this year.
The government budget for Jan-Apr 2013 has been performed with a surplus amounting to about AMD 27.5 billion.
The budget revenue for these four months amounts to AMD 324.7 billion – 23.5% year-on-year growth, and spending amounts to 297.2 billion (10.5% growth).
The 2013 budget calls for 1.032.7 trillion drams in revenue and 1.152.5 trillion drams in spending. Of that amount 993.08 billion drams are to be collected as taxes and state dues, by 118.7 billion drams more than in the first four months of 2012. The projected deficit is 119.7 billion drams or 2.6% of the overall GDP. The deficit is to be financed by internal and external sources -55.1 billion and 64.6 billion drams respectively. The projected inflation is 4±1.5% and the projected GDP growth is 6.2%. ($1 – 419.08 drams). ---0---
