ArmInfo.According to the results of the Q1 of 2020, the actual fulfillment of the state budget in terms of tax revenues amounted to 349 billion drams, exceeding the target by 9.5 billion drams. Chairman of the State Revenue Committee (SRC) of the RA David Ananyan announced this on April 23.
At the same time, the head of the SRC noted that the fulfillment of the state budget for the Q1 of this year turned out to be 49.5 billion drams higher than last year (299.5 billion drams), urging, however, to focus attention not on past achievements, but on further actions.
In this regard, he said that today at a meeting of the Government of the Republic of Armenia the possibility of introducing amendments to the Law of the Republic of Armenia on the Budget was discussed, since further forecasts related to the implementation of the budget are likely to be adjusted downward. "Yes, of course, exceeding planned targets is a good signal, but the uncertainty in terms of future tax revenue collection still remains high," Ananyan concluded.
