Vardan Harutyunyan: Tax revenues to the state budget of Armenia in the first half-year increased by 48 billion AMD or by 9.8%

ArmInfo. The Armenian State Revenue Committee for the first half of 2017 recorded unprecedentedly high rates of tax collection. The head of the SRC Vardan Harutyunyan stated this on July 24 during his visit to the Bavra customs point.

According to the press service of the ministry, in particular, the unprecedented high growth rates of tax collection were recorded in the sphere of trade and mining. "Tax revenues to the state budget in the first half of the year increased by 48 billion AMD or 9.8% - in terms of taxation, growth was 33 billion, and at customs - 15 billion," he said.

In Armenia, economic activity in January-May 2017 increased by 6.4% per annum against the backdrop of the prevalence of rising import rates over exports. In May this year by May 2016, economic activity increased by 8.9%, and only in May 2017 - by 11.9%. As a comparison, we note that a year earlier, in January-May 2016, by the same period of 2015, economic activity increased by 5.5%, in May compared to May 2015 - also by 5.5%, but only in May - by 6,6%. According to the National Statistical Service of Armenia, the growth of economic activity in January-May 2017 to a greater extent determined the industrial sector - by 14.4% per annum, trade - by 12.8%, services - by 11%, against which the growth of the energy complex looked Modestly - 4.6% per annum. At the same time, the agricultural sector and the construction sector maintain a downward trend, respectively by 3.5% and 12.1% per annum. A year earlier, in January-May 2016, the industrial sector and services sector showed a more modest growth, respectively 8.8% and 8.6% per annum, while trade was completely down 0.1%, along with which the decline was also observed in the construction Sector and energy complex - respectively 7.9% and 1.9%.