Thursday, November 16 2017 15:45
Alexandr Avanesov

The National Assembly of Armenia announced a 4-day break on the draft law On the State Budget of Armenia in 2018

ArmInfo. The National Assembly of Armenia announced a 4-day break on the draft law "On the State Budget of Armenia in 2018".

According to the Vice-Speaker of Armenian Parliament Eduard Sharmazanov deputies of the National Assembly have the opportunity to submit proposals on the draft law. After that, the government will summarize the submitted proposals, making appropriate changes to the document, and submitting to the parliament the final version of the country's basic economic law. Note that in 2018 the revenue part of the state budget of Armenia is planned at the level of 1.307.3 trillion AMD, expenditure - 1.464.2 trillion AMD, the budget deficit will make 156.9 billion AMD. According to the draft budget for 2018, the revenues of the state budget will amount to tax revenues of 1.247.9 billion AMD, of which about 70 billion AMD will be provided by the effect of economic growth, which is planned at 4.5%. Another 30 billion AMD will come from improving the quality of administration. Adjusted taxes / GDP in 2018 will be 21.3% instead of 20.9% by the end of 2017 and actual 20.3% last year. Next year, the state treasury will receive less than 395 billion AMD due to payments to businesses through VAT, income tax and profit tax.  Nevertheless, according to the results of improving the tax administration, it is expected to collect taxes in the amount of 30.8 billion AMD.  

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