ArmInfo. In threee months of 2017 Armenia moved beyond the quarterly tax collections plan. This was stated by Armenian Finance Minister Vardan Aramyan on May 4 after the Government session.
The Minister reminded that tax revenues of the state budget of Armenia in 2017 are estimated at AMD 1 trln 135 bln, or 21% of GDP. It was planned to collect AMD 77,6 bln in January, and in real this indicator turned higher for AMD 3 bln. The similar tendency kept existing in February as well -AMD 83,6 bln has been collected versus AMD 80 bln planned.
The anticipatory speed of tax collections were kept also in March 2017. " In April, due to efforts made, the collection growth tendencies became obvious, " he stated. Particularly, the April plan in respect to collections was overfulfiled for AMD 7,5 bln - with AMD 107,5 bln actually collected versus AMD 97 bln planned last year. According to Aramyan, if the picture remains like this, it will be possible to reach the corrected indicator of AMD 1 trln 197 bln.
According to the state budget of the Republic of Armenia, economic growth in 2017 is planned at 3.2%, nominal GDP growth is within 5%, with a deflation index of 1.7% (against 2.4% in 2016), a deficit of 150.1 billion AMD. The profitable part of the state budget of Armenia in 2017 will increase to 1 trillion. 210 billion AMD, expenditure - to reduce to 1 trillion. 360 billion, the ratio of income/GDP - 22.4% (against income/GDP - 21.8% in 2016). According to the latest data, the Central Bank of Armenia improved its economic growth forecast for 2017 to 3.2-4.4% from the previously forecasted 2.2-3.2%. The World Bank in January forecast laid the GDP growth of Armenia in 2017 by 2.7%. EDB expects GDP growth of Armenia in 2017 by 2.9%. Fitch forecasted the growth of Armenia's GDP in 2017 by 2.1%, with acceleration to 3.1% in 2018, the United Nations, to 2.7%, and ADB - 2.2%.
