Tuesday, January 14 2020 19:05
Karine Melikyan

Armenia`s budget continues to be executed with surplus 

Armenia`s budget continues to be executed with surplus 

ArmInfo.The budget of Armenia was summed up in January- November 2019 with a surplus of 40.2 billion drams ($ 84 million), with a y-o-y growth of 2.8-fold, while  a year earlier a deficit was recorded in the same period (with a  2.7-fold y-o-y decline) . According to the RA Statitical Committee,  the budget revenues of Armenia accelerated the y-o-y growth from 6.2%  to 18.7%, while expenditures turned from the 1.7% decline to 10.5%  growth, amounting to 1.398 trillion and 1.358 trillion drams  respectively.

In the structure of revenues, the share of taxes and duties increased  in y-o-y terms (January-November 2019 to the same period of 2018) -  from 93.8% to 94%, increasing by 19% to 1.3 trillion drams in  absolute terms (versus 5.8% growth a year earlier). In particular,  income from profit tax accelerated annual growth from 36.5% to 52.6%,  amounting to 207.8 billion drams; value added tax - from 5.9% to  18.8% - to 467.6 billion; income tax - from 5% to 26.4% - up to 404.8  billion; tax turnover - from 25.6% to 48.3% - to 31.3 billion;  customs duties - from 11.9% to 16% - up to 85 billion; state duties -  from 2.8% to 19.3% - to 39.6 billion. At the same time, growth in  income from payments for use of natural resources and environmental  preservation slowed down- from 27% to 15.1% - up to 51.8 billion  drams, from targeted social payments - from 15.4% to 6.3% - up to 17  billion, from excise tax - from 30.4 % up to 26% - up to 121.2  billion.

Against this background, only subsidies were remained in the  structure of budget expenditures in a downtrend - by 0.9% to 94.4  billion drams (against the decline by 1.8% a year earlier). And the  grants came out of the 6.1% decline to 9.3% growth - up to 122.3  billion drams. At the same time, annual growth acceleration was  observed in spending on: benefits and pensions - from 1.8% to 8.9% -  up to 415 billion drams; salaries - from 4.9% to 11.9% - to 144.4  billion; purchase of goods and services - from 1.3% to 18.6% - up to  153.6 billion drams. Interest payment expenses increased by 13.2%  year-on-year to 153.5 billion drams, of which 84.1 billion (with an  increase of 17.3%) accounted for payments on external debt. 

Expenditures on non-financial assets turned from a 30.8% decline to a  24.1% growth, amounting to 108.1 billion drams.

To note, the calculated exchange rate of dram on November 29, 2019  amounted to 477.88 AMD / $ 1, and in January-November, the average  calculated exchange rate of dram was 480.65 AMD/ $ 1. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000