Armenia’s government budget revenue shrinks 2.1% in January and February 2016
01.04.2016,
13:09
Armenia’s government budget revenue shrank 2.1% in January and February 2016, compared with the same period a year earlier, to AMD 155.5 billion, the National Statistical Service reports.
YEREVAN, April 1. /ARKA/. Armenia’s government budget revenue shrank 2.1% in January and February 2016, compared with the same period a year earlier, to AMD 155.5 billion, the National Statistical Service reports.
Taxes and duties in the Jan-Feb 2016 revenue totaled AMD 149.6 billion showing a 2% year-on-year decline.
According to the statistical report, 58.82 billion came to the government budget in January and February 2016 as VAT payments (7.7% decline), AMD 7.4 billion as excise (11% growth), AMD 13 billion as profit tax (17.1% growth) and AMD 48 billion as income tax (3.5% growth).
Other sources of the budget revenue totaled AMD 5 911.5 million in Jan-Feb 2016 against AMD 5 981.3 million at the same period a year before, and official grants AMD 45.8 million against AMD 198.4 million.
Budget spending grew 4.1% to AMD 166.11 billion. Current spending amounted to AMD 166.4 billion (6.5% growth), where social benefits and pensions amounted to AMD 63 billion and made up 37.8% of the current budget spending (5.5% year-on-year growth), grants to AMD 23.24 billion (7.4% growth), salaries to AMD 17.1 billion (5.1% growth), procurement of goods and services to AMD 16.6 billion (33.8% decline) and other expenses to AMD 22.67 billion (5.9% growth).
Activity with non-financial assets was recorded at minus AMD 316.9 million.
As a result, the budget deficit amounted to AMD 10.5 billion in Jan-Feb 2016 against AMD 752.4 million in Jan-Feb 2015.
In the 2016 government budget spending is planned at AMD 1 trillion 373.7 billion and revenue at AMD 1 trillion 183 billion with a deficit amounting to AMD 197 billion or 3.5% of GDP. ($1 – AMD 480.79). --0---
Taxes and duties in the Jan-Feb 2016 revenue totaled AMD 149.6 billion showing a 2% year-on-year decline.
According to the statistical report, 58.82 billion came to the government budget in January and February 2016 as VAT payments (7.7% decline), AMD 7.4 billion as excise (11% growth), AMD 13 billion as profit tax (17.1% growth) and AMD 48 billion as income tax (3.5% growth).
Other sources of the budget revenue totaled AMD 5 911.5 million in Jan-Feb 2016 against AMD 5 981.3 million at the same period a year before, and official grants AMD 45.8 million against AMD 198.4 million.
Budget spending grew 4.1% to AMD 166.11 billion. Current spending amounted to AMD 166.4 billion (6.5% growth), where social benefits and pensions amounted to AMD 63 billion and made up 37.8% of the current budget spending (5.5% year-on-year growth), grants to AMD 23.24 billion (7.4% growth), salaries to AMD 17.1 billion (5.1% growth), procurement of goods and services to AMD 16.6 billion (33.8% decline) and other expenses to AMD 22.67 billion (5.9% growth).
Activity with non-financial assets was recorded at minus AMD 316.9 million.
As a result, the budget deficit amounted to AMD 10.5 billion in Jan-Feb 2016 against AMD 752.4 million in Jan-Feb 2015.
In the 2016 government budget spending is planned at AMD 1 trillion 373.7 billion and revenue at AMD 1 trillion 183 billion with a deficit amounting to AMD 197 billion or 3.5% of GDP. ($1 – AMD 480.79). --0---
