ArmInfo. As of December 23, the Government budget of Armenia has been over-executed by 89 billion drams ($ 185 million) in 2019. Armenian Prime Minister NikolPashinyan wrote on his Facebook page. "That is, we had so much more tax revenues in 2019 than forecasted.
According to the situation on the same day, 40 billion drams from the collected amounts were spent on paying VAT on overdue debits, that is, previously accumulated entrepreneurs' debts were closed. In general, 150 billion drams of VAT were returned to the economy this year. Regarding the overfulfillment of the state budget, there is no doubt that it will be much more by the end of the year, "the RA Prime Minister wrote.
Earlier, ArmInfo reported on the intentions of the government to return the debit balance of VAT of 56 billion drams to business entities. The corresponding decision was made at a cabinet meeting on September 12. We are talking about the order of 9 thousand business entities, 3 thousand of which are old debits - the state owed 56 billion 443 million drams. After making a decision, persons with debts up to 5 million drams will automatically receive their funds. "By the end of the year, we will return 50 billion drams out of the indicated 56 billion drams," David Ananyan, chairman of the RA State Revenue Committee, said earlier. He noted that as of January 2018, the tax owed 275 billion drams to business entities. Having resolved the situation with 50 billion drams, as the chief tax specialist pointed out, 72-75 billion drams remain for current obligations, which are formed and repaid. "I think by January 1, 2020 we will be able to declare that within two years we have reduced our debt to business entities by 220 billion drams, which is inherent in a strong state," he said.