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.

POST A COMMENT
Input digits     


News
FLYONE ARMENIA airline making promotional offer FLYONE ARMENIA airline making promotional offer 
Possibilities of expanding cooperation in energy and transport  between Armenia, Iran discuss in TehranPossibilities of expanding cooperation in energy and transport  between Armenia, Iran discuss in Tehran
CBA: From H2 2023, inflation will gradually approach targeted 4% in  ArmeniaCBA: From H2 2023, inflation will gradually approach targeted 4% in  Armenia
CBA Head: Inflationary pressure to soften in 2023CBA Head: Inflationary pressure to soften in 2023
Central Bank: Volume of deposits of non-residents in Armenian banks  almost doubled in 2022Central Bank: Volume of deposits of non-residents in Armenian banks  almost doubled in 2022
Martin Galstyan: there is one commonality for all regulators today -  no one knows how to regulate the cryptosector wellMartin Galstyan: there is one commonality for all regulators today -  no one knows how to regulate the cryptosector well
Central Bank is considering possibility of increasing countercyclical  capital buffer by 0.5%Central Bank is considering possibility of increasing countercyclical  capital buffer by 0.5%
Central Bank of Armenia maintains its forecast for 2023 on GDP growth  at 4.6%Central Bank of Armenia maintains its forecast for 2023 on GDP growth  at 4.6%
Armenia`s gross international reserves set a new record of $4.112  billion by 2023Armenia`s gross international reserves set a new record of $4.112  billion by 2023
Health insurance in Armenia: Why does social justice contradict  social solidarity in Health Ministry`s compulsory health insurance  concept and what are risks of State Fund control ?Health insurance in Armenia: Why does social justice contradict  social solidarity in Health Ministry`s compulsory health insurance  concept and what are risks of State Fund control ?
Common Aviation Area Agreement between EU and Armenia enters into  forceCommon Aviation Area Agreement between EU and Armenia enters into  force
Armenia`s CB leaves refinancing rate unchanged Armenia`s CB leaves refinancing rate unchanged 
Nikol Pashinyan to take part in EIC meeting in AlmatyNikol Pashinyan to take part in EIC meeting in Almaty
Armenia`s financial authorities continue loan market dedollarization Armenia`s financial authorities continue loan market dedollarization 
60 Armenian IT companies among Armenia`s 1,000 major taxpayers 60 Armenian IT companies among Armenia`s 1,000 major taxpayers 
Armenia`s minister of economy meets with BostonGene company reps Armenia`s minister of economy meets with BostonGene company reps 
Ameriabank leads Armenian mortgage marketAmeriabank leads Armenian mortgage market
Global Finance: Converse Bank is Armenia`s leading bank in Trade FinanceGlobal Finance: Converse Bank is Armenia`s leading bank in Trade Finance
Expert forecasts that growth of business activity in Armenian economy  to reach 7% this year Expert forecasts that growth of business activity in Armenian economy  to reach 7% this year 
Wizz Air to start operating flights to 4 new routesWizz Air to start operating flights to 4 new routes
ZCMC paid unprecedented taxes in 2022, exceeding the figure of the previous year by almost two and a half times.ZCMC paid unprecedented taxes in 2022, exceeding the figure of the previous year by almost two and a half times.
Armenian NPP comments on Azerbaijani Human Rights Commissioner`s call Armenian NPP comments on Azerbaijani Human Rights Commissioner`s call 
Armenia`s IT sector rapidly developing - reps Armenia`s IT sector rapidly developing - reps 
Armenia, Qatar discuss opportunities for investment cooperation Armenia, Qatar discuss opportunities for investment cooperation 
44,929 more officially registered jobs in Armenia as against last  year44,929 more officially registered jobs in Armenia as against last  year
Italian businesses interested in Armenia`s investment environment Italian businesses interested in Armenia`s investment environment 
Vahan Kerobyan raises Artsakh issue at Global Forum on Food and  Agriculture in BerlinVahan Kerobyan raises Artsakh issue at Global Forum on Food and  Agriculture in Berlin
Corporacion America  CEO expresses readiness to increase investments  in ArmeniaCorporacion America  CEO expresses readiness to increase investments  in Armenia
Loss ratio in CMPTL market decreased from 79% to 66% in 2022 Loss ratio in CMPTL market decreased from 79% to 66% in 2022 
Armenian banks record 3-fold growth in net profit in 2022Armenian banks record 3-fold growth in net profit in 2022
Expert: The development of the cryptosector in Armenia is the key to the involvement of new players, the growth of the tax base and jobs   Expert: The development of the cryptosector in Armenia is the key to the involvement of new players, the growth of the tax base and jobs  
901 transactions to amount of over AMD 56bln effected under economic  modernization programme in 2022901 transactions to amount of over AMD 56bln effected under economic  modernization programme in 2022
Armenia`s economy will not be able to withstand the expansion of  Turkish goods- EconomistArmenia`s economy will not be able to withstand the expansion of  Turkish goods- Economist
Armenia`s government to support hotels in Syunik, Vaiots DzorArmenia`s government to support hotels in Syunik, Vaiots Dzor
In Armenia, terms for removing arrest from citizens` accounts to be  reduced to 1-2 days from previous 7 days or moreIn Armenia, terms for removing arrest from citizens` accounts to be  reduced to 1-2 days from previous 7 days or more
Share of Armenia`s authorized capital in  EDB increased to 4.2291%,  while Russia`s stake in EDB decreased  to 44.7878%  Share of Armenia`s authorized capital in  EDB increased to 4.2291%,  while Russia`s stake in EDB decreased  to 44.7878%  
Armenia, Germany discuss number of issues on cooperation in economic  sectorArmenia, Germany discuss number of issues on cooperation in economic  sector
$350mln to invested in Zvartnots International Airport$350mln to invested in Zvartnots International Airport
Declaration of income: We have not achieved tax egalitarianism -  ExpertDeclaration of income: We have not achieved tax egalitarianism -  Expert
In Jan-Nov 2022, Armenian-Georgian trade turnover doubled compared to  2021, amounting to $759 million- PashinyanIn Jan-Nov 2022, Armenian-Georgian trade turnover doubled compared to  2021, amounting to $759 million- Pashinyan
Irakli Garibashvili announces about 70% increase in foreign trade  turnover with ArmeniaIrakli Garibashvili announces about 70% increase in foreign trade  turnover with Armenia
The beneficiary of The beneficiary of "The Power of One Dram" in January is the educational program "Talentum"
Fly Arna airline announces launch of new nonstop flights to Saint  PetersburgFly Arna airline announces launch of new nonstop flights to Saint  Petersburg
Vardan Aramyan: With the current quality and level of investments,  there is no need to talk about the growth of the economy`s potentialVardan Aramyan: With the current quality and level of investments,  there is no need to talk about the growth of the economy`s potential
Ministry of Economy of Armenia expects that ferry service to start  operating in Q1 2023Ministry of Economy of Armenia expects that ferry service to start  operating in Q1 2023
Armenia`s gross international reserves move down from historical highArmenia`s gross international reserves move down from historical high
Armenia`s tax revenues AMD 1,926bln in 2022Armenia`s tax revenues AMD 1,926bln in 2022
Robert Khachatryan: receiving station and satellite control center to  be put into operation during 2023Robert Khachatryan: receiving station and satellite control center to  be put into operation during 2023
Armenia extending restrictions on import of cement and clinkerArmenia extending restrictions on import of cement and clinker
New Year in Idram. results of 2022New Year in Idram. results of 2022
Ameriabank named Best Foreign Exchange Bank in Armenia by Global FinanceAmeriabank named Best Foreign Exchange Bank in Armenia by Global Finance
Economic growth in 2022 is not inclusive and leads to widening of  social gap - Luys FoundationEconomic growth in 2022 is not inclusive and leads to widening of  social gap - Luys Foundation
In 2022, social investments of Zangezur Copper-Molybdenum Plant  amounted to about 3.5 billion dramsIn 2022, social investments of Zangezur Copper-Molybdenum Plant  amounted to about 3.5 billion drams
Tariff for final consumers of electricity in Armenia will remain  unchanged in 2023Tariff for final consumers of electricity in Armenia will remain  unchanged in 2023
CBA to put into circulation new batch of 3rd generation thousandth  banknotes from January 23, 2023CBA to put into circulation new batch of 3rd generation thousandth  banknotes from January 23, 2023
Vahan Kerobyan: Unemployment rate in Armenia in 2023 will be below  10%Vahan Kerobyan: Unemployment rate in Armenia in 2023 will be below  10%
$56mln recovered to state budget in 2022$56mln recovered to state budget in 2022
CBA improves net private transfers forecast for 2022CBA improves net private transfers forecast for 2022
CBA improves unemployment forecast for 2022 CBA improves unemployment forecast for 2022 
RF Deputy Minister: financial institutions of Russia, Armenia are  expanding  network of correspondent relationsRF Deputy Minister: financial institutions of Russia, Armenia are  expanding  network of correspondent relations
Read more


Exchange rates
01.02.2023
RUB5.650.04
USD395.740.07
EUR430.962.69
GBP487.590.44
CAD297.333.54
JPY30.480.13
CNY58.640.11
CHF432.035.89