Friday, July 13 2018 15:35
Naira Badalian

Head of the State Revenue Committee: 1.5 billion AMD already restored  in state budget

Head of the State Revenue Committee: 1.5 billion AMD already restored  in state budget

ArmInfo. As a result of tax  inspections, 1.5 billion drams have been restored and transferred to  the state budget. This was announced on July 13 at a meeting with  journalists by the chairman of the Committee of State Revenue (SRC)  of Armenia David Ananyan. Meanwhile, on July 10 at a government  meeting Prime Minister Nikol Pashinyan reported on the restored funds  in the amount of 800 million drams.

According to Ananyan, the process to identify the tax shortage will  continue, in parallel, it will restore more funds to the budget. At  the same time, the majority of the funds, already revealed within the  framework of the comprehensive fight against corruption and the  shadow economy over the past 1.5 months, 20.622 billion drams or $ 42  million, will be transferred to the state treasury.

At the same time, as the head of the SRC pointed out, one can not be  guided by this amount when planning expenditures and revenues of the  2019 budget, or a medium-term expenditure program. "We need to assess  not a few funds were restored, but the behavior of taxpayers changed  as a result of these findings." Only by estimating the economic  effect based on their behavior can the estimated costs be estimated,  "he explained.  At the same time, ensuring new revenues to the  budget, he said, Armenia thereby indirectly reduces the risk of  attracting new external borrowings to cover the budget deficit.

Previously, ArmInfo reported that it was only in the last 1.5 months  that it was possible to identify 20.622 billion AMD or $ 42 million,  which are subject to recovery and transfer to the state treasury. The  government of these funds in 2018 will additionally allocate 10  billion AMD or about $ 30 million for granting subventions to the  communities of the country.