Armenia posts 29.1bln drams budget surplus for January
05.03.2013,
15:05
Armenian budget registered a 29.1bln drams surplus in January 2013, head of budget reporting and analyses of the ministry of finance Gayane Zargaryan told journalists Tuesday.
YEREVAN, March 5. /ARKA/. Armenian budget registered a 29.1bln drams surplus in January 2013, head of budget reporting and analyses of the ministry of finance Gayane Zargaryan told journalists Tuesday.
She reminded that under the state budget, a deficit of 1.2bln drams is projected for the first quarter of this year.
Budget receipts grew by 27.9% or 16.4bln drams to 75.2bln drams by the end of January, as compared to the same period of the year before. It is a 34.1% performance rate, as per the 1st quarter corrected plan, Zargaryan said.
“The main part of the receipts is taxes and duties that were by 28.5% (15.8bln drams) higher that the year before”, she said.
Receipts from the turnover tax and the unified income tax (both introduced as from January 1, 2013) were 310.8mln drams and 3.6bln drams respectively.
The expenditures amounted to 46.1bln drams, which is by 23.8% or 8.9bln drams more than the year before. Most part of it, 44.4bln drams, were current expenses, an increase of 22% or 8bln drams from the year before.
Zargaryan also said that the public agencies have fulfilled their obligations under the budget expenditure programs.
Under the 2013 state budget passed by the parliament on December 5, receipts were 1trln 32.7bln drams, expenditures 1trln 152.5bln drams, tax and state due receipts 993.08bln drams (117.7bln drams higher compared to the 2012 projection) and deficit 119.7bln drams or 2.6% of the GDP.
The budget deficit financing is planned at 119.7bln drams from net receipts of both internal and external sources – 55.1bln and 64.6bln drams respectively.
The 12-month inflation is expected within the range of 4±1.5%; the GDP growth is at 6.2%. ($1=410.67drams). -0-
