Monday, December 12 2016 15:15
Karine Melikyan

Armenian budget deficite grows up reaching $403 mark as of November 1, 2016.

Armenian budget deficite grows up reaching $403 mark as of November  1, 2016.

ArmInfo. During January-October  2016  formed  AMD 193.6 bln or  $403 mln (approximately 4,8% of GDP.), increasing  in annual view for  22,7%,versus sharp - 10 times -  dropdown of last  year- within  growing deficit  

According to the National Statistics  Service of Armenia, stet budget revenues in annual view have  decreased for 1% (versus  1% growth a year ago), forming AMD 931.2  bln within expenditures slowing down the growth trend from  16% to  2,4%, forming AMD  1124.8 bln.  In the monthly wiew the sharp  decrease  from the January proficient  AMD 21.3  bln  ў to February  deficite of AMD 35.3 bln with further decrease of deficit  down to  AMD  23.8 bln in March  (monthly reduction for 33%),  after which the  April growth for 11,7% up to AMD 26,5 bln took place, changed  to  59,2%- dropdown to  AMD 10.8  bln with a slowdown  for 12% and down  to AMD 9.5 bln in June, with further sharp 3,4 times  growth  in  July, falling down than in August for 71,3%, jumping twice bigger in  September and 2,4 times in October up to  AMD  bln  within the  revenues dropdown for  7,1% , at the expenditures increase for 14,8%  (AMd  95.3bln Ё 139.2 bln respectively).

In the structure of the revenues the share of taxes and fees grew  from 93,6% to 94,4% in an annual view (January-October 2016 versus  the same period of the last year), in a monetary formula decreasing  for 0,2% down to AMD 878.8 bln (versus 0,3% growth a year ago).  Particularly, the custom fees revenues showed dropdown for 12,7% - to  AMD 45,1 bln , the vat incomes descreased for 10,7% - to AMD 313,9  bln, environment and nature protection fees decreased for 12,2 % to  AMD 23 bln, and the tax revenue collection gap formed AMD 13, 5 mln  (versus AMD 159,9 mln a year ago). At that, the most essential growth  is fixed from turnover tax - for 28,6% - to AMD 12,7 bln, and  inrespect to benefit tax - for 23,8% down to AMD 107,4 bl social  payments - for 23,5% - to AMD 10,6 bln, compulsory social fees - for  11,5% to  AMD 7,3, bln.. At the same time  the revenue tax incomes  growth for 4,6% - to AMD 363, 9 bln, fixed fees -  for 1,6% to 2,6  bln and state fees revenues - for 1,5% to AMD 26,8 bln.  At  the same  time the budget expenditures show fast growth due to all the items of  the budget, excluding the goods and works procurement  -  for 36,8%   up to AMD 125,4 bln, and expenditures on  non-financial assets - for  25,8% to  AMD 40.4 bln. The leaders of the annual aspect growth are  the subsidies expenditures - for4,6 times - up to AMD 93,7 bln, and  state debt  interest payments - for 32,1 % up to AMD 90,3 bln, AMD 49  bln of which with annual growth for 32,4% - due to the foreign debt.   In the expenditure structure  AMD 128,4 bln  was allocated for grants  , with an annual growth for 7%, and AMD 335,4 bln - for welfare and  pensions with the annual growth for 4,1%, and AMD 110.4 bln with  annual growth of  0,6%. 

To remind, in 2015 the state budget of Armenia was completed with the  defixit of AMD 231,2 bln with annual decrease in  2,5 times, being  deepened before that  9 times in 2014. Particularly, the budget  incomes increased only for 0,9% - up to  AMD 1.147 trln, having the  expenditures grown  for 12,2 % up to AMD 1.378 trln. In 2014 the  budget was implemented with AMD 91,7 bln deficit, versus AMD 10,2  deficit a year before.  ( the average exchange rate in  January-October  2016  AMD 45 /USD 1.


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