ArmInfo.The situation with the collection of taxes to the state budget of Armenia causes some concern. On July 2, after a government meeting, Chairman of the State Revenue Committee of the Republic of Armenia, Eduard Hovhannisyan, told reporters.
According to him, the concern is due to the well-known situation related to the outbreak of the coronavirus, the spread of which led to a decline in the total turnover. In the near future, the results of the implementation of the provisions of the state budget of the second quarter of 2020 (including June and July inclusive), which will be presented to the public, will be summarized. In order to mitigate the consequences of COVID-19, the government has developed and implemented numerous assistance mechanisms for business entities. The 20th and 21st programs to neutralize the economic consequences from a new type of coronavirus are under implementation, the 22nd program is under development. All these programs are social and economic in nature. No other assistance measures are currently being discussed.
When asked about the rumors that after the resignation of the former head of the SRC, many employees announced their intention to leave the departments, Eduard Hovhannisyan replied that there was no such development of the situation in the Committee. "We return to the personnel policy from time to time, evaluating everyone's work, their quality and effectiveness. No personalized decision is made," said the head of the SRC
To note, according to the program, the revenues of the state budget of Armenia in 2020 should be 1.7 trillion drams, expenditures - 1.9 trillion drams. Income and expenses will grow by 13% and 14%, respectively, compared with the budget for 2019. Amid 4.9% of GDP growth, nominal GDP will grow by approximately 529 billion drams to 7.095,1 billion drams. The budget revenue with 1.698 trillion drams fixed in the draft budget for the current year decreased to about 1.695 trillion drams or 23.9% of GDP (1.567 trillion or 23.9% of GDP this year and actual 1.341 trillion or 22.3% of GDP for 2018 year). Costs decreased from the previously projected 1.880 trillion drams to 1.855 trillion drams.
As a result, the deficit indicator also decreased - to about 160 billion drams and will amount to 2.3% of GDP, against the previously forecasted 182.6 billion drams (2.6% of GDP). The deficit will be financed in the amount of 210.5 billion drams from domestic sources and another 50.5 billion drams are expected to be attracted from external sources. 12-month inflation is forecasted to be within 4% (+ / _ 1.5%). Tax revenues of the state budget (tax revenues and state duty) in 2020 are projected at 1 trillion 602 billion 252 million 712 thousand drams or 22.6% of GDP, compared to the early 1 trillion 602 billion 130 million) and adjusted for the current year 1 trillion 464 billion drams or 22.3% of GDP (and the actual 1 trillion 258 billion drams or 21% of GDP for 2018). In 2020, according to the adjusted draft budget, Armenia expects to receive from foreign states and international organizations official grants in the amount of 35 billion 024 million drams or 0.5% of GDP against 33.8 billion drams previously allocated, 39.5 billion drams and AMD 11.2 billion for 2019 and 2018, respectively.