This January-March, Armenia’s state budget revenues totaled 164.1bn AMD, and on-budget expenditures 170.1bn AMD – 107.8% and 90.5% implementation of the respective government programs for the first trimester.
The pres service of the RA Ministry of Finance informed NEWS.am that, during the period under review, the budgeted revenues constituted 22% of the annual amount, and on-budget expenditures 19.9%. In the first trimester, Armenia’s budget deficit totaled 6bn AMD instead of the budgeted 34.8bn AMD.
The budget revenues showed a 17.4% increase (24.3bn AMD). Specifically, tax revenues, state duties and social security payments showed a 19.6% increase (25.1bn AMD) and other revenues a 9.4% increase (859.1m AMD). Official grants decreases by 1.7bn AMD (68.2%).
Tax revenues, social security payments and state duties formed 93.4% of the state budget revenues, the share of other taxes being 6.1% and of official grants 0.5%.