Friday, June 16 2017 21:49
Alina Hovhannisyan

More 13 billion AMD than it was proposed was directed to state treasury in first quarter 2017

More 13 billion AMD than it was proposed was directed to state  treasury in first quarter 2017

ArmInfo. Collection of taxes in  the I quarter was made ahead of.  The Armenian Ministry of Finance  Vardan Aramyan stated this at the June 16 press conference.

He noted that according to the results of the first quarter, 13  billion drams more taxes were directed to the state treasury than was  envisaged. According to the minister, this trend may continue until  the end of this year, if there are no force majeure circumstances  related to external economic trends. In this regard, he added that in  April taxes were collected for 107.5 billion AMD (against 97 billion  AMD a year earlier), instead of the envisaged 100 billion AMD. He  added that in May 2017 the amount of collected taxes amounted to 92.4  billion AMD instead of 91.9 billion AMD for the same period a year  earlier.

According to him, budget revenues for 2017 were projected in the  volume of 1 trillion. 135 billion AMD, but the government managed to  adjust this figure to 1 trillion 197 billion AMD. Aramyan noted that  outstripping the rate of tax collection gives grounds to believe that  by the end of the year it will be possible to fulfill this indicator.  Concerning the expenses, the minister said that by the results of the  first quarter it was possible to save 26 billion AMD, stressing that  the expenses in April-May were carried out according to plans,  whereas in June their increase is already envisaged.

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