ArmInfo. In January-July 2021, the revenues of the state treasury of Armenia, compared to the same period in 2020, increased by 10.4% or by 86.8 billion drams, which is largely due to an increase in tax revenues. Taxes provided about 95% of all budget revenues. This is evidenced by the data of the Ministry of Finance of Armenia.
According to the information for 7 months of this year state budget revenues amounted to about 920.2 billion drams, expenditures - 1051.6 billion drams, the deficit reached 131.5 billion drams. The indicators laid down in the annual adjusted program of income, expenses and deficit were fulfilled by 57.3%, 54.2% and 39.1%, respectively. More than a third of the tax revenues of the state budget of Armenia for 7 months accounts for VAT and almost a third - income tax.
During the reporting period, state budget revenues, compared to the same period last year, increased by 10.4% or 86.8 billion drams, which is largely due to the growth of tax revenues. Thus, 94.8% of the revenues of the state treasury were formed at the expense of tax collections and state duties, 0.5% - official grants, and 4.7% - other income.
For 7 months of 2021, the state budget received tax collections and state duties for 872.5 billion drams, which amounted to 81% of the program indicator for 9 months. The growth compared to the same period in 2020 amounted to 10.5 or 82.7 billion drams, which is mainly due to an increase in revenues from VAT, customs duties, social payments, profit tax and other taxes.
In particular, 32.6% of tax revenues were provided through VAT payments in the amount of 284.2 billion drams (compared to last year, the growth was 11.9% or 30.3 billion drams). Of these, 172.3 billion drams were received from imported goods, 111.9 billion drams - from products manufactured in the Republic of Armenia and the provision of services. At the same time, 71.2 billion of the amount of 172.3 billion drams was received from goods imported from the member states of the Eurasian Economic Union.
In January-July 2021, 6.2% of tax collections and state duties paid to the state budget were provided through excise tax in the amount of about 54.1 billion drams. In particular, AMD 26.9 billion was received from the taxation of excisable goods produced in the country, and AMD 27.2 billion - from the taxation of imported excisable goods. Compared to the same period last year, receipts from excise tax decreased by 13.5% or 8.5 billion drams, mainly due to a decrease in receipts from excisable goods produced in the country by 20.1% (6.8 billion drams). Proceeds from imported excisable goods decreased by 5.8% or 1.7 billion drams compared to the same period last year. In January-July 2021, 13% of tax revenues of the state budget were provided at the expense of income tax, which amounted to 113.3 billion drams - 10.6% or 10.9 billion drams more than in the same period last year. During the reporting period, 5.7% of tax revenues to the state budget were provided at the expense of customs duties in the amount of about 49.8 billion drams. Compared to January-July 2020, customs receipts increased by 40.8% or 14.4 billion drams.
In January-July 2021, more than 247.8 billion drams of income tax were paid to the RA state budget, which provided 28.4% of tax revenues and state duties. Compared to the same period last year, income tax revenues increased by 2.5% or 6 billion drams.
The proceeds from the turnover tax amounted to about 21.5 billion drams, which is 2.5% of the tax revenues of the state budget. Compared to the same period last year, turnover tax receipts increased by 13% or 2.5 billion drams. During the reporting period, the participants of the accumulative pension system transferred 24.3 billion drams of social contributions to the state budget, which provided 2.8% of tax revenues. This is 94.9% or more than 11.8 billion drams more than in the same period in 2020. The growth is mainly due to amendments to the RA Law "On funded pensions", according to which, from January 1, 2021, the state's share in social payments to accrued wages decreased by one percentage point to 6.5%, and the participation of employees increased by the same amount - to 3.5%. In addition, the maximum amount of a person's gross monthly income was increased from 500 thousand drams to 1.020 thousand drams, which is 15 times the minimum wage, and the annual gross income - up to 12,240,000 drams, or 180 times the minimum wage.
In January-July 2021, revenues from environmental tax and payments for nature use amounted to 35.6 billion drams, which is 4.1% of tax revenues of the state budget. Compared to the same period last year, these revenues increased by 16.2% or about 5 billion drams, mainly due to an increase in royalties paid for the sale of products received as a result of their processing, which amounted to 30.2 billion drams by 22.3 % (by 5.5 billion AMD), which is higher than the actual figure for the same period last year. At the same time, a 35.5% decrease (by 854.7 million drams) was registered in the item of income from goods imported into the Republic of Armenia. For 7 months of this year 3% of tax collections of the state budget were formed at the expense of other taxes in the amount of 25.8 billion drams. In particular, 16.2 billion drams were excise payments established by the RA Law "On compensation for harm caused to the life or health of military personnel during the defense of the Republic of Armenia", 4.9 billion drams - compulsory payments for the use of radio frequency, 2 billion drams - road tax, 1.4 billion drams - payments for violation of tax legislation, 660.7 million drams - aggregate customs duty levied by the customs authorities of the RA for goods imported into the territory of the Republic of Armenia from non-EAEU countries, 634, 7 million drams - mandatory payments for the regulation of public services. Compared to the same period last year, the actual indicator of other taxes increased by 81.5% or 11.6 billion drams. The increase was registered mainly in the field of excise payments, in connection with the amendments to the RA Law "On compensation for harm caused to the life or health of military personnel during the defense of the Republic of Armenia, dated January 1, 2021".
The amount of repayment of tax liabilities from transitional overpayments for the reporting period amounted to 4.1 billion drams against 222.5 million drams a year earlier.
In January-July 2021, about 20.1 billion drams of state duty were paid to the state budget, which is 62.5% of the nine-month program indicator.
In January-July 2021, about 4.5 billion drams of official grants were received, which is 22.3% of the revenues provided for by the nine-month program. The funds were provided within the framework of targeted programs, depending on the degree of implementation of the latter, and amounted to 27.5% of the planned income. To recall, according to the approved state budget for 2021, the state treasury revenues will amount to about 1 trillion 509 billion drams, and expenditures - 1 trillion 850 billion drams, and the deficit at 341 billion drams. Tax revenues (tax collections and state duties) in the document are fixed at 1 trillion 440 billion 136 million 839.5 thousand drams. The financial authorities have revised their expectations - by about 80 billion drams, increasing the program figure for tax collections - up to 1 trillion 601 billion drams, and by 75 billion drams in terms of expenditures - up to 1 trillion 940 billion drams.
